The City of Rolling Hills had the following real estate market activity for single family residences during the 1st quarter of 2018
Properties Sold: 6
Properties for Sale as of 3/31/2018: 25, a 9% increase over this time last year. Sales have been averaging 2 home sold per month over the last 3 months. This equates to a 12 month supply. 2 homes are in escrow as of the end of March.
Average List Price at 3/31/18: $5.7 million Average Sold Price over the last 3 months: $2.8 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 683 per sq. ft. This number fluctuates greatly based upon the small number of sales per quarter.
Properties sold at an average of 87% of List Price and took approx. 4-6 months to sell over the last 3 months
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.
