San Marino homes are missing in action... there's very limited inventory of homes for sale in San Marino under $2 million. Only a few homes are available for sale under $1.5 million and plenty of home buyers ready to move their families into this exclusive city and send their kids to the best rates school district in California.
Looking at the last couple of months, the average sales price of a home in San Marino is close to $2 million and only a few homes came up on the market in February. The three homes listed were between $1.98 Million and $5.388 Million.
|Single Family Residence||Dec-09||Jan-10||Feb-10|
|Average Days on the Market||41||57||213|
|Average Price Per Sq. Ft.||$612||$593||$535|
|Median Selling Price||$1,750,000||$1,429,900||$1,900,000|
|Average Selling Price||$1,877,617||$2,153,100||$1,826,667|
|Absorption Rate (# of weeks to sell current inventory at present rate of sales)||7.2||13.0||31.8|
Read More: Pasadena Real Estate Trends
Here are some interesting San Marino real estate statistics:
Average San Marino Home Price Sold in January of 2010 was $2,153,000
Average San Marino Home Price Sold in February of 2005 was $1,670,000 - 9.3% lower than February 2010.
Average San Marino Home Price Sold in February of 2009 was $1,450,000 - 25.9% lower than February 2010.
San Marino's real estate 10 year trend:
This graph is pretty telling... San Marino homes continue to be a great investment. Price per square foot has more than doubled since February of 2000!
|1 month||1 year||10 years|
|Nov 09||Feb 10||% Change||Feb 09||Feb 10||% Change||Feb 00||Feb 10||% Change|
|Avg. Sq. Ft. Price||566||607||7.3%||597||607||1.7%||303||607||100.5%|
If you are looking to buy a home in San Marino or just would like to keep abreast of the real estate inventory, take a look at the San Marino homes for sale below:
To see all the details on these real estate listings, please visit our San Marino listing feed here. It is updated every 2 hours as new homes come up for sale.
If you are interested in selling your San Marino home and would like to find out how much it is worth, give us a call for a free and confidential consultation at 626-629-8439.
IRINA NETCHAEV & ASSOCIATES
San Marino Real Estate Agents