The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 30 homes at the end of August a 15% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, a 39% decrease compared to the comparable period last year. There are 8 homes in escrow as of the end of August.

The following is a list of the 7 homes sold in the City of Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) during August 2016:

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $587 per sq. ft. over the last 3 months, an approx. 4% increase from the comparable period a year ago.

Based on the average monthly sales for the last 3 months of 7 homes and the 30 homes listed for sale, there is currently about 4 months inventory of unsold homes. The chart below is based upon the most recent month’s sales.

The average list price of homes in Rolling Hills Estates over the last 3 months has been averaging $2,054,000, an 11% increase over the comparable period last year. The average price of homes sold over the last three months was $1,596,000 a 6% increase over the similar period last year.

The time period to sell a home has averaged about 2 months over the last quarter, and homes have sold for an average of 95% of list price

For other market reports for the Palos Verdes Peninsula, go to Market Reports on my website.