The City of Rolling Hills ( area 166 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2015:
Properties Sold: 5 ( Compared to 6 sales in the comparable quarter last year ). 4 propeties are in escrow at the end of September.
Average Sales Price during the 3rd Quarter 2015: $4.8 million, 75% higher than the prior years comparable quarter.
Average List Price at 9/30/2015: $6.9 million
Properties for Sale as of 9/30/2015: 20 ( 10 months inventory based on average sales during the last quarter of 2 homes sold per month)
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $1,011 per sq. ft. Because of the small number of sales, the price per sq. ft. of homes sold varies widely
Properties sold at an average of 92% of List Price
For more market information see market reports on my website.
For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.
