Health & Fitness
San Marino Real Estate Report: Market is Healthy
San Marino real estate report: The market is strong, as sales demand increases and the long-range price trend moves upward. San Marino is a seller's market.
This week’s San Marino real estate report shows that the community continues to remain strong through market fluctuations. Sales demand continues to increase in San Marino, and while we saw another small dip in prices, the long-range trend is still moving upward. This week the median listing price was at $1,888,000.
If you’d like to get an idea of what price your San Marino real estate might bring, visit our Home Values page. Or, if you’re a buyer, search for San Marino real estate to see some current listings on the market.
San Marino real estate trends
As of this week, properties are staying on the market an average of 76 days, down from 92 just a week ago. This is another positive sign for the market. The asking price per square foot is standing at $710. Even with the pricing dips, we’re seeing that the San Marino market is anything but cool. It’s Market Action Index score is 39.1, making it a strong seller’s market. This gives more negotiating power to sellers and means that even though we’ve seem some minor price downturns, homes are selling well.
Find out what's happening in San Marinofor free with the latest updates from Patch.
The trends are based on data from Altos Research Real-Time Real Estate numbers. To see a more complete breakdown of market numbers for San Marino real estate and the rest of San Gabriel Valley, read my article “San Gabriel Valley real esate: A market outlook.”
The numbers tend to fluctuate from week to week, so the market conditions reported here are likely to change. Watch our Classic Pasadena Homes blog for updates on the San Marino real estate market each week.
