The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 24 homes at the end of September a 20% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 11 sales a month, a 52% increase compared to the comparable period last year. There are 7 homes in escrow as of the end of September.

The following are the 32 properties sold during the 3rd Quarter 2017

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $590 per sq. ft. over the last 3 months, an approx. 4% decrease from the comparable period a year ago.

Based on the average monthly sales for the last 3 months of 11 homes and the 24 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 $2,259,000, an 13% increase over the comparable period last year. The average price of homes sold over the last three months was $1,661,000 a 12% increase compared to the similar period last year.

The time period to sell a home has averaged about 1 to 3 months over the last quarter, and homes have sold for an average of 94% of list price

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