Rolling Hills has a record (33) homes that are currently on the market, that’s 12% above last July and represents 16 months of inventory – just shy of the all-time high of 16.3 reached in July 2009.
It looks like Hacienda de la Paz has been sold at auction for an undisclosed amount at the end of July. The former DIGS Cover Home, a 51,000 square foot estate set on 7.4 acres was originally listed at $53 million in 2013 and eventually dropped to $40 million in 2017.
Concierge Auctions conducted the sale, which had “no reserve,” meaning the winning bidder didn’t have to hit a minimum purchase price to succeed. Either way, it should break the all-time record sale in Rolling Hills.
ROLLING HILLS MARKET SNAPSHOT
Current Market Snapshot | Single-Family Residence
As of 8.7.18
ROLLING HILLS | Active
Active listings: 33
Minimum list price: $1,850,000
Maximum list price: $9,599,000
Average list price: $4,388,182
Median list price: $3,700,000
Average days on market: 171
Average price per sqft: $862.63
ROLLING HILLS | Sold
Closed Sales Y-T-D: 12
Minimum close price: $1,650,000
Maximum close price: $5,000,000
Average close price: $2,773,456
Median close price: $2,464,738
Average days on market: 108
Average sales discount: -0.0863% under list
MRMLS single-family residence average sales in Rolling Hills. Information is deemed accurate but not guaranteed.