Aug. 17, 2008

San Marino: Dusty Deals - August 2008

As a real estate agent working in and around Pasadena California, I am constantly getting phone calls from buyers looking for great deals.

If you are looking for a real estate deal, you came to the right place. I will be posting my "Dusty Deals" by area on a monthly basis right here for your review.

What is a "Dusty Deal" list? It is a list of real estate for sale including homes, condos and town homes that have been on the market for over 100 days. Are all of these great deals? Not necessarily. BUT, the seller has been actively marketing their homes for a very long time and is probably ready to deal.

Why are these homes on the market still? The most likely reason is that they were overpriced to begin with. The first few weeks of marketing a home for sale are the most critical weeks for any seller. If the property is overpriced, or not marketed correctly, it gets stale. Local real estate agents ignore these homes and avoid showing them to their buyers. Potential home buyers look these homes up on the internet, but wonder what is wrong with these homes since they didn't sell.

My take on this is, if you are looking for a deal, these homes are the best place to start. Why? Home sellers are tired of showing their homes and most are ready to NEGOTIATE their price and SELL!

READ MORE: Dusty Deals List for August 08 - Pasadena, Alhambra, South Pasadena, Monterey Hills, Altadena, Sierra Madre, Arcadia and San Marino

So here's a list of homes for sale in San Marino that have been on the market for over 100 days:

Address BR BA Price Price/Sq.Ft. MLS # DOM
1415 S San Gabriel Blvd San Marino, CA 91108 4 3 $1,098,500 $469 22108278 129
2734 Monterey Rd San Marino, CA 91108 4 3 $1,248,800 $544 22106513 615
2280 Roanoke RD San Marino, CA 91108 3 2 $1,265,000 $644 488055882 119
2065 Courtland Ave San Marino, CA 91108-1754 5 6 $4,280,000 $880 22105856 171
1385 Old Mill Rd San Marino, CA 91108 8 7 $8,900,000 $1,093 22109072 113

As you're going through the list, please look at the last column titled DOM (Days on the Market). This will tell you how many days these homes have been on the market.

If you are interested in getting more information about any of these home listings, please call me at 626-629-8439.

You can also search all San Marino homes for sale by clicking here.

Interested in more information about Greater Pasadena Area 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, take a look at our 365 Things To Do In Pasadena® page.

Thinking of selling your 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 Southern California Real Estate Market.

Posted in Dusty Deals, San Marino
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