After making a strong comeback in the average price per sq. ft. of homes sold in Rolling Hills Estates for the previous quarter, the most recent quarter showed a 20% decline in price per sq. ft. for properties sold. It also is an approx. 10% drop from the comparable quarter a year ago. Because of the relatively small number of monthly sales, the average monthly price per sq. ft. for this city is highly dependent on the type of homes sold during the month.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Sep. 11 Aug. 11 % Change Sep. 11 Sep. 10 % Change Jul. 11 to Sep. 11 Jul. 10 to Sep. 10 % Change
Avg. Sq. Ft. Price 405 454 -10.8% 405 433 -6.6% 417 465 -10.2%

Horse Jumping at Dapplegray

Based on the average monthly sales for the last 3 months, there is currently a 6 month inventory of unsold homes.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Sep. 11 Aug. 11 % Change Sep. 11 Sep. 10 % Change Jul. 11 to Sep. 11 Jul. 10 to Sep. 10 % Change
For Sale 31 30 3.3% 31 29 6.9% 32 28 14.3%
Sold 6 5 20% 6 6 0% 5 8 -37.5%
Pended 4 5 -20% 4 3 33.3% 5 4 25%

One positive factor is that the last three months sales have been higher than each of the last 10 months except for one month in May.

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.