The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) decreased substantially in December and is still only 23 homes, a 24% decrease from the prior year. The number of properties sold monthly has increased substantially over the last 3 months, averaging 8 sales a month . There are 14 homes in escrow as of the end of October. Click Here for a current search of homes for Sale in Rolling Hills Estates.

Oct. 12 Sep. 12 Curnt vs. Prev Month Change Oct. 12 Oct. 11 Curnt vs. Same Month 1 Yr Ago% Change Aug. 12 to Oct. 12 Aug. 11 to Oct. 11 Curnt vs. Same Qtr 1 Yr Ago Change
For Sale 23 27 -14.8% 23 34 -32.4% 25 33 -24.2%
Sold 12 4 200% 12 4 200% 8 5 60%
Pended 14 8 75% 14 2 600% 10 5 100%
The following are a list of the 12 homes sold in the City of Rolling Hills Estates during the month of October 2012:
Address Sales Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market

27823 Conestoga DR $815,000 3 2.00 1,602 $508.74 1957 V12092276 10/26/12 84
4651 Marloma DR $1,235,000 4 2.00 1,955 $631.71 1955 V12103554 10/30/12 62
4640 Marloma DR $1,560,000 4 4.00 2,930 $532.42 2012 V12082665 10/03/12 93
38 Moccasin LN $2,050,000 4 4.00 5,800 $353.45 1990 S12065189 10/29/12 80
10 Pepper Tree LN $950,000 3 3.00 2,475 $383.84 2002 S12112399 10/10/12 54
49 Country Meadow RD $1,300,000 4 3.00 2,621 $495.99 1981 V12104579 10/04/12 1
28 Quarterhorse $1,400,000 5 4.00 4,149 $337.43 1981 V12079515 10/04/12 80
4 Misty Acres RD $1,450,000 4 4.00 2,889 $501.90 1979 V12104061 10/19/12 36
32 Country Meadow RD $1,800,000 5 5.00 4,092 $439.88 1979 V12066956 10/01/12 154
40 Misty Acres RD $1,840,000 5 5.00 4,000 $460.00 1979 V12101384 10/16/12 48
37 Rollingwood DR $800,000 4 3.00 2,028 $394.48 1956 S12038371 10/31/12 208
5031 Willow Wood RD $888,888 3 2.00 1,536 $578.70 1956 S12080564 10/15/12 100
Average $1,340,741 4.0 3.40 3,006 $468 83

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 $451 per sq. ft. over the last 3 months, an approx. 12% increase from the comparable period a year ago.

Oct. 12 Sep. 12 Curnt vs. Prev Month % Change Oct. 12 Oct. 11 Curnt vs. Same Month 1 Yr Ago % Change Aug. 12 to Oct. 12 Aug. 11 to Oct. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 446 445 0.3% 446 372 19.8% 451 403 12%
Horse Jumping at Dapplegray
Based on the average monthly sales for the last 3 months of 8 homes and the number of homes in escrow, there is currently only a 3 month inventory of unsold homes. The chart below is based on the number of sales for the month only.
The average list price of homes in Rolling Hills Estates has been steady over the last four months, however the
lower priced homes in the market are selling more rapidly.
The average time period to sell a home has ranged from 2 to 3 months over the last quarter, and has sold for an average of 96% of list price
My sense of the market is that it has become a relatively stable market, however buyers seem to continue to feel uneasy about the economy, and even with record low interest rates, buyers remain cautious.

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.