The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 21 homes at the end of October, a 62% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 8 sales a month, the same as during the comparable period last year. There are 10 homes in escrow as of the end of October.

The following is a list of the 8 homes sold in the City of Rolling Hills Estates ( including the
unincorporated area of Palos Verdes Peninsula ) during the month of October 2014:

Address Sales Price Bd Bth Sqft$/Sq Yr. Built ML# Sold Date Days on Market

4616 Rollando DR $1,045,000 5 3.00 2,828 $369.52 1960 SB14169392 10/28/14 70

14 Vista Real DR $1,050,000 3 2.00 1,710 $614.04 1962 PV14192024 10/24/14 32

29 Silver Saddle LN $1,155,000 4 3.00 2,051 $563.14 1956 PV14120446 10/27/14 88

52 Ranchview RD $1,250,000 4 3.00 2,596 $481.51 1955 PV14142655 10/07/14 71

3 Sweetgrass LN $1,355,000 4 3.00 3,012 $449.87 1965 PV14149345 10/21/14 77

23 Sorrel LN $2,000,000 4 6.00 4,136 $483.56 1952 PV14198980 10/31/14 164

9 Country Meadow RD $2,650,000 6 4.00 4,964 $533.84 1979 PV14149084 10/15/14 96

5 Santa Rosa $3,587,000 5 7.00 5,772 $621.45 1999 SB14146218 10/01/14 172

Average $1,761,500 4.0 3.90 3,384 $515 1966 96

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $553 per sq. ft. over the last 3 months, an approx. 5% increase from the comparable period a year ago.

Horse Jumping at Dapplegray
Based on the average monthly sales for the last 3 months of 8 homes and the 21 homes listed for sale, there is currently a little under 3 months inventory of unsold homes. The chart below is based upon the most recent month’s sales of 8 homes sold in October.
The average list price of homes in Rolling Hills Estates has been steady over the last 3 months averaging $1,973,000, a 22% increase over the comparable period last yearhowever the lower priced homes in the market have been selling more rapidly. .
The time period to sell a home has averaged about 1 to 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.

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.