Rolling Hills enjoyed an uptick in real estate activity during the past 30 days or so. Last month, 34 RH properties were for sale; The arrival of September found 25 Rolling Hills residences listed for sale on the Multiple Listing Service. The number of homes in escrow with accepted offers jumped from four to eight as well. That’s significant movement, and enough to move market indicators from a neutral market to teetering on the edge of a seller’s market.
The median price for Rolling Hills homes is $3.3 mm with 50% of the homes selling under that price and 50% selling at a higher price.
There are often market shifts as we move from the spring and summer months. Some sellers elect to take a property off the market if it did not sell; other sellers opt for a price reduction to stimulate new interest in their property. These factors often contribute to a flurry of fall activity in the real estate market.
More Palos Verdes Market Snapshots for September 2018:
Note how my Little Yellow Dots are moving toward neutral markets favoring neither the sellers nor the buyers.
If you’re considering selling or buying a Palos Verdes property, it would be my pleasure to help guide you through the process. Contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com.
Selling Palos Verdes Properties Since 1992