San Marino real estate trends: Prices marching upward

The San Marino real estate market is going strong this spring. It seems like it was just a few weeks ago that San Marino was climbing toward a median listing price of $2 million. Its median listing price this week hit $2,350,000, and prices are continuing to trend upward. We’ve seen increasing sales demand and fewer homes listed in San Marino, which has helped drive a long run of increasing prices.

If you’d like to get an idea of what price your San Marino real estate might bring, visit my Home Values page. Or, if you’re a buyer, search for San Marino real estate to see some current listings on the market.

There’s also a great feature called Market Map. I encourage you to check it out if you’d like to compare median prices in other areas of San Gabriel Valley.

San Marino real estate by the numbers

As of this week, properties are staying on the market an average of 84 days. The asking price per square foot is standing at $798.

San Marino’s market action index score – which measures supply and demand – is still at a very healthy 39.0, though it has slipped in a bit in the past weeks. We’ve seen that the average number of days a property is listed has been trending upward, a negative sign for the market, but increased demand should help temper that and keep the market strong.

The trends are based on data from Altos Research Real-Time Real Estate numbers. Watch our Classic Pasadena Homes blog for updates on the San Marino real estate market – as well as the other markets in San Gabriel Valley -- each week.