It's always interesting to see what homes sell for as compared to the home's asking price.
When I start working with a new buyer, I recommend that we set them up to receive home listings directly from the MLS (Multiple Listing Service) inclusive of homes that go under contract and homes that just sold.
Why? Because getting information on home sales show how quickly these homes sell and for how much. It's the quickest and easiest way to get a pulse on the real estate market.
So far, San Marino real estate home sales for the month of July are at 9 homes sold.
On average, these homes sold at 97.97% of asking price. That's pretty good considering the average price per square foot for these San Marino homes is $611.22 and they were on the market for 57 days on average.*
This month, there was a bit of a multiple offer war for the property at 1522 Wembley Road:
It originally came on the San Marino real estate market at $1,598,000. It just closed escrow (SOLD) at $1,668,000 at a whopping $725.85 a square foot (compare it to the $611 average for the rest of the sales.) It also sold in about two weeks!
Why was this home so special?
The location was great - it was in the Huntington LibraryDistrict of San Marino minutes from This home was beautifully staged and nicely updated.
Congratulations to the Sellers and the new Buyers!
Interested in More San Marino Real Estate data?
ALSO READ: San Marino Real Estate Market Report
* ITEC data as of July 29,2008
See all San Marino Homes for Sale here:
READ MORE: Pasadena real estate update 2012 – see luxury home sales.
Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.
