The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 31 homes at the end of June, a 11% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 15 sales a month, a 64% increase compared to the comparable period last year. There are 11 homes in escrow as of the end of June.

The following is a list of the 46 homes sold in the City of Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) during the second quarter of 2016:

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $546 per sq. ft. over the last 3 months, an approx. 5% decrease from the comparable period a year ago.

Based on the average monthly sales for the last 3 months of 15 homes and the 31 homes listed for sale, there is currently about 2 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 $2,048,000, an 18% increase over the comparable period last year. The average price of homes sold over the last three months was $1,575,000 a 7% decrease over the similar period last year.

The time period to sell a home has averaged about 2 to 3 months over the last quarter, and homes have sold for an average of 96% of list price

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