The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) has decreased substantially this year down to only 10 homes, a 44% decrease from the prior year. The number of properties sold monthly has increased substantially over the last 5 months, averaging 9 sales a month, a 200% increase over the comparable period last year . There are 12 homes in escrow as of the end of February. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to see entire report.

Feb. 13 Jan. 13 % Change Curnt vs. Prev Month Feb. 13 Feb. 12 % Change Curnt vs. Same Month 1 Yr Ago Dec. 12 to Feb. 13 Dec. 11 to Feb. 12 % Change Curnt vs. Same Qtr 1 Yr Ago
For Sale 10 15 -33.3%

10 18 -44.4%

12 21 -42.9%

Sold 9 6 50%

9 4 125%

9 3 200%

Pended 12 6 100%

12 13 -7.7%

9 7 28.6%

The following is a list of the homes sold in the City of Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) during the month of February 2013:
Address Sales Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market

26717 Westvale RD $779,025 2 2.00 1,194 $652.45 1951 PV12139493 2/13/13 121

74 Buckskin LN $855,000 4 2.00 2,884 $296.46 1947 S12119010 2/05/13 111

4053 Rousseau LN $940,000 3 2.00 2,063 $455.65 1972 PV13002612 2/25/13 40

4521 Marloma DR $985,000 4 2.00 1,920 $513.02 1955 S12120424 2/01/13 23

10 Hillcrest Meadows $1,158,000 4 4.00 2,700 $428.89 1991 V12087267 2/04/13 150

15 Covered Wagon LN $1,420,000 4 4.00 4,036 $351.83 1981 V12113062 2/08/13 181

12 Clear Vista DR $1,525,000 4 3.00 2,950 $516.95 1981 PV12149163 2/01/13 17

6624 Eddinghill DR $899,000 4 2.00 1,806 $497.79 1963 PV12153712 2/06/13 6

Average $1,070,128 4.0 2.60 2,444 $464 81

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) continued to make a strong comeback since the first of the year , averaging $455 per sq. ft. over the last 3 months, an approx. 26% increase from the comparable period a year ago.

Feb. 13 Jan. 13 % Change Curnt vs. Prev Month Feb. 13 Feb. 12 % Change Curnt vs. Same Month 1 Yr Ago Dec. 12 to Feb. 13 Dec. 11 to Feb. 12 % Change Curnt vs. Same Qtr 1 Yr Ago
Avg. Sq. Ft. Price 431 489 -11.9%

431 363 18.7%

455 360 26.3%

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Based on the average monthly sales for the last 3 months of 9 homes and the 10 homes listed for sale, there is currently only about a 1 month inventory of unsold homes.
The average list price of homes in Rolling Hills Estates had been rising recently, however the lower priced homes in the market
selling more rapidly.
Feb. 13 Jan. 13 % Change Curnt vs. Prev Month Feb. 13 Feb. 12 % Change Curnt vs. Same Month 1 Yr Ago Dec. 12 to Feb. 13 Dec. 11 to Feb. 12 % Change Curnt vs. Same Qtr 1 Yr Ago
Avg. Active Price 1788 1622 10.2%

1788 1430 25%

1705 1369 24.5%

Avg. Sold Price 1072 1319 -18.7%

1072 744 44.1%

1258 983 28%

The time period to sell a home has averaged 2 to 3 months over the last quarter, and homes have sold for an average of 94% of list price

For other market reports for the Palos Verdes Peninsula, go to 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.