The City of Rolling Hills had the following real estate market activity for single family residences during the 4th quarter of 2018
Propeties for Sale as of 12/31/2018: 16: 33% decrease over this time last year. 7 homes were sold during the 4th quarter of 2018.. This equates to a 7 month supply. 1 homes is in escrow as of the end of December.
Average List Price at 12/31/18: $4.9 million Average Sold Price over the last 3 months: $5.6 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 619 per sq. ft. This number fluctuates greatly based upon the small number of sales per quarter.
Properties that sold during the quarter were at an average of 72% of List Price and took approx. 4 months to sell.
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.
