San Marino CA Real Estate Market Report

San Marino Real Estate Statistics for October 2011 – San Marino California – Single Family Homes

San Marino is a very affluent community next to Pasadena.  It is known for the Huntington Library, magnificent mansions and #1 rated public school district.  This report will provide you with an overview of the real estate market.

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[caption id="attachment_3206" align="alignnone" width="307" caption="Orlando Road in San Marino"][/caption]

 

• There are only 13 active homes for sale in San Marino California ranging between $1,089,688 to $3,380,000.  And, only 3 of these homes were listed in the month of November with an average list price of $1,296,000.  The home inventory keeps getting lower and lower!
• There are 7 homes that are currently in escrow and in the past 30 days there have been 12 closed sales with an average closed price $2,544,317.  On average these 7 real estate listings were marketed for 178 days.
• YTD there have been 120 closed sales with an average sold price of $1,750,893 spending an average of 95 days on the market.
  • Average price per square foot was $568
  • Average interior square footage – 2,9103,025
• Highest Priced Home Sold for November 2011 – $6,680,000 – an all CASH sale at $987 per square foot.
• Lowest Priced Home Sold for November 2011 – $1,100,000 – another all cash sale!

For comparison purposes, 2010 San Marino real estate market information is below:

• 2010 had 117 closed sales with an average sold price of $1,924,304 spending an average of 58 days on the market with an average price of square foot running at $603.
• Highest Sold– $6,200,000 – 58 days on the market
• Lowest Sold– $818,888 – 11 days on the market

Here’s a 10 year look:

Previous San Marino Market Reports

October 2011

• There are only 19 active single family homes for sale in San Marino California ranging between $950,000 to $3,380,000.  And, 14 of these homes were listed in the month of October with an average list price of $1,781,400.  The inventory is the lowest of the year!.
• There are 14 pending/under contract sales and in the past 30 days there has been 10 closed sales with an average closed price $1,478,000.  It is still taking a little less than 3 months to sell homes in San Marino.
• YTD there have been 107 closed sales with an average sold price of $1,665,622 spending an average of 86 days on the market.
  • Average price per square foot was $567
  • Average interior square footage – 2,910
• Highest Priced Home Sold for October 2011 – $2,700,000 – marketed for 51 days and sold to an all cash buyer at 90.06% of asking price.
• Lowest Priced Home Sold for October 2011 – $887,000 – over a year on the market.  The original asking price on this home was $1,650,000.

September 2011

• There are 30 active single family homes for sale in San Marino California ranging between $968,000 to $4,500,000.  Only 4 of these homes were listed in the month of September with an average list price of $2,216,000.
• There are 21 pending/under contract sales and in the past 30 days there has been 18 closed sales with an average closed price $1,489,444.
• YTD there have been 97 closed sales with an average sold price of $1,685,094 spending an average of 83 days on the market.
  • Average price per square foot was $569
  • Average interior square footage – 2,932
• Highest Priced Home Sold for September 2011 – $2,820,000 – marketed for only 38 days and sold to an all cash buyer.
• Lowest Priced Home Sold for September 2011 – $845,000 – 66 days on the market and sold with VA financing.

August 2011

• There are 35 active single family homes for sale in San Marino California ranging between $968,000 to $4,500,000.  10 of these homes were listed in the month of August with an average list price of $1,899,169.
• There are 6 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average closed price $1,840,413.
• YTD there have been 79 closed sales with an average sold price of $1,730,243 spending an average of 85 days on the market.
  • Average price per square foot was $572
  • Average interior square footage – 2,980
• Highest Priced Home Sold for August 2011 – $3,290,000 – marketed for only 50 days.
• Lowest Priced Home Sold for August 2011 – $1,260,000 – 54 days on the market.

July 2011

• There are 47 active single family homes for sale, an increase of 12 from last month, in San Marino California ranging between $849,000 to $5,998,000.  16 of these homes were listed in the month of July with an average list price of $1,988,375.
• There are 18 pending/under contract sales and in the past 30 days there has been 17 closed sales with an average closed price $1,670,249 spending an average of 85 days on the market.
• YTD there have been 72 closed sales with an average sold price of $1,719,382 spending an average of 86 days on the market
  • Average price per square foot was $569
  • Average interior square footage – 2,974
• Highest Priced Home Sold for July 2011 – $6,398,000 – sold at 92% of list price and marketed for only 140 days.
• Lowest Priced Home Sold for July 2011 – $935,000 – 153 days on the market.

June 2011

• There are 35 active single family homes for sale in San Marino California ranging between 875,000 to $4,500,000.  10 of these homes were listed in the month of June with an average list price of $2,046,700.
• There are 11 pending/under contract sales and in the past 30 days there has been 10 closed sales with an average closed price $1,638,200 spending an average of 71 days on the market.
• YTD there have been 55 closed sales with an average sold price of $1,733,675 spending an average of 77 days on the market
  • Average price per square foot was $591
  • Average interior square footage – 3,007
• Highest Priced Home Sold for June 2011 – $5,800,000 – 62  days on the market.
• Lowest Priced Home Sold for June 2011 – $688,000 – 27 days on the market!

May 2011

• There are 41 active single family homes for sale in San Marino California ranging between 875,000 to $6,800,000.  37 of these homes were listed in the month of May with an average list price of $2,109,000.
• There are 13 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average closed price $1,897,000 spending an average of 97 days on the market.
• YTD there have been 45 closed sales with an average sold price of $1,754,891 spending an average of 78 days on the market
  • Average price per square foot was $587
  • Average interior square footage – 3,063
• Highest Priced Home for May 2011 – $5,80,000 – 658  days on the market. ***
• Lowest Priced Home for May 2011 – $1,150,000 – 93 days on the market.

*** I thought it was interesting to note that the highest priced sale last month was for a beautiful 1930 Wallace Ness with over 14,000 sq. ft.  It is located at 1221 Virginia just North of Lacy Park and I'm sure was absolutely glorious when it was built.  Today, it will need a lot of loving restoration, but this home will be quite something to behold upon completion of the renovations by the new buyer.

Scroll down below the home listings to see previous months real estate data. If you have any specific questions, feel free to leave a comment below or email me directly.

Selection of San Marino Homes for Sale:

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Interested in more information about San Marino and surrounding cities, check out our City Guides below:

Alhambra City Guide

Altadena City Guide

Arcadia City Guide

Eagle Rock City Guide

Monterey Hills City Guide

Pasadena City Guide

San Gabriel City Guide

San Marino City Guide

Sierra Madre City Guide

South Pasadena City Guide

And, if you are interested in fun activities to do in San Marino and the surrounding cities, take a look at our 365 Things To Do in Pasadena™ page.

Thinking of selling your San Marino home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s San Marino Real Estate Market.