Rolling Hills Estates 1st Quarter 2019 Real Estate Market Report
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The single family home market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) was at a seasonable level during the 1st quarter of 2019 with 22 homes on the market at the end of March, a large 69% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, a 10% increase compared to the comparable period last year. There are 8 homes in escrow as of the end of March with contingencies removed, a 11% increase over this time last year. The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $706 per sq. ft. over the last 3 months, an approx. 22% increase from the comparable period a year ago. ...
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