Rolling Hills Hits Record Number of Homes for Sale

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.

south bay digs cover issue imageHACIENDA de la PAZ

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.

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Written by Warren Dow
Founder and CEO of Micro Market Media, LCC. Publisher of South Bay Digs and Westside Digs.
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