It has always been surprising to me to see a very stable turnover of homes in San Marino California. Overall, San Marino is a pretty small town with only 4,500 housing units. All of them are single family homes - no condos or townhomes. However, for the last several years, each month, we see about 40 available home listings and somewhere around a dozen sales.

Here's a visual representation of home value available for sale vs sold in San Marino over the last five years:

San Marino sale vs sold 2004-2009

Just to make it a bit clearer, take a look at the volume data below:

1 month 1 year 5 years
Aug 09 Sep 09 % Change Sep 08 Sep 09 % Change Sep 04 Sep 09 % Change
For Sale 40 45 12.5% 49 45 -8.2% 104 45 -56.7%
Sold 13 13 0% 8 13 62.5% 33 13 -60.6%
Pended 12 12 0% 7 12 71.4% 29 12 -58.6%

San Marino real estate activity for the months of June through September 2009 including median home price is below:

Single Family Residence Jun-09 Jul-09 Aug-09 Sep-09
New Listings 11 17 13 16
Total Listings 36 41 41 44
Sales Pending 15 14 17 14
Homes Sold 16 12 13 12
Listings Expired 3 5 5 7
Average Days on the Market 67 63 80 48
Average Price Per Sq. Ft. $566 $582 $606 $562
Median Selling Price $1,435,500 $1,515,500 $1,390,000 $1,540,000
Average Selling Price $1,922,125 $1,738,242 $1,773,538 $1,544,250
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 9.8 14.8 13.7 15.9

The highest priced home in San Marino for sale is at 1221 Virginia Road. It is listed for sale at $9,288,000.

The lowest priced home in San Marino is listed for sale at $948,000 and is located at 2225 S Los Robles Avenue.

All homes for sale in San Marino are listed below:

 

 

To see San Marino home details, please visit San Marino homes for sale.

For additional information on any of these homes or a private consultation about your real estate needs, please contact Irina Netchaev, your San Marino real estate agent at 626-629-8439.