Rolling Hills Estates 3rd Qtr. 2015 Real Estate Market Report
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The City of Rolling Hills Estates Real Estate Market, including the unincorprated area known as Palos Verdes Peninsula adjacent to the City, has shown relatively strong sales recently. The number of homes for sale at the end of September of 18 homes is now 18% lower than the 22 homes for sale at the same time last year. The average number of homes sold per month in the 3rd quarter of 11 is the same as during the comparable quarter last year.This equates to less than 2 months inventory. At the end of September there were 10 homes in escrow. The chart below is based on the latest months sales only. The most recent quarterly average price per sq. ft. of properties sold of $559 per s.f. showed a 2% decrease in price per sq. ft. for properties sold compared to the compar...
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