San Marino real estate market did not show any drastic changes during the 2nd quarter of 2009. Number of homes available for sale has remained consistent in the mid 30s. Although the number of new listings decreased by 27% in June.
The least expensive home on the market in San Marino is priced at $1,180,000 and is located at 1445 S San Gabriel Blvd.
The most expensive San Marino home available for sale is priced at $5,600,000 and is located at 1505 Circle Drive.
The most interesting sale this month was an estate priced at $862.73 per square foot with an asking price of $5,625,000 that sold in 81 days at full price! This San Marino luxury estate was located at 920 Avondale Road.
Other interesting statistics:
3 San Marino homes sold over asking price
2 San Marino homes were sold at asking price
11 San Marino homes were sold under asking price
On average San Marino homes sold at 96% of asking price.
Real estate statistics for San Marino for April through June 2009:
|Single Family Residence||Apr-09||May-09||Jun-09|
|Average Days on the Market||67||49||67|
|Average Price Per Sq. Ft.||$526||$585||$566|
|Median Selling Price||$1,477,500||$1,649,000||$1,435,500|
|Average Selling Price||$1,710,300||$1,863,057||$1,922,125|
|Absorption Rate (# of weeks to sell current inventory at present rate of sales)||15.2||12.1||9.8|
Data for San Marino real estate was taken from ITEC (Pasadena Foothill Association of Realtors)
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If you are thinking of buying or selling your San Marino home, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439
IRINA NETCHAEV & ASSOCIATES
Pasadena Real Estate Agents