No surprises in the San Gabriel real estate trends for August 2008.  The number of new home listings have increased from 15 to 23 from July through August, but the overall number of available San Gabriel homes is the same as well as the number of San Gabriel homes that sold remain the same.  The number of Single Family Residences (SFR) that are under contract in August is significantly lower than July mainly due to the cyclical nature of real estate during summer months.  June and July are the busiest real estate months with August slowing down as families are settling in to a new school year.

San Gabriel condo inventory went down, while townhomes have seen a huge increase in available properties although sellers are overpricing these townhomes in my opinion.  Townhomes are selling in mid to high $200 price per sq. ft. range while the newly listed townhomes are averaging around $330 per sq. ft.  Hmmm.... if you are a seller, rethink your strategy... not only will these townhomes take longer to sell and will most likely sell at a much lower price, but no appraiser in their right mind will appraise them at asking price!

 San Gabriel Real Estate Indicators for May 2008 through August 2008:

Data taken from ITEC (Pasadena Foothills Association MLS service)

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For weekly updates on San Gabriel real estate market activity, please feel free to request market analysis reports with detailed information at How is the Market button on this site.  These real-time real estatemarket reports are gathered and updated by Altos Research and will be emailed to you weekly with my compliments.

Posted by Irina Netchaev, Real Estate Agent 

READ MORE:  San Gabriel Real Estate Market Report September 2008

San Gabriel real estate market has been holding pretty steady without any major variances over the last few months. The least expensive home on the market in San Gabriel right now is $299,000 and the most expensive home for sale is $2,195,000.

Interestingly, the number of homes on the market has dropped for both Single Family Residences (SFR) and Townhomes. This drop is due to more buyers opening escrows in July for SFR and more properties being taken off the market for Townhomes - a possible indication of foreclosures and unsuccessful short sales.

San Gabriel Real Estate Housing Data:

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a San Gabriel home, please click on the search home link here.

For weekly updates on San Gabriel real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev 626-627-7107

If you are living in San Gabriel or are thinking about relocating to San Gabriel, you've come to the right place. 

This post will be updated monthly, around the first week of the month, for the previous month and will give you key real estate market indicators for San Gabriel California.  Bookmark this page and visit it each month to see how San Gabriel homes, condos and townhomes are faring in today's real estate market.

If you are already a San Gabriel homeowner and would like to get a monthly email sent to you with real estate activity around your San Gabriel home, please click here and order your real estate monthly market report.  You will not be contacted by me or anyone on my team and the information will be generated automatically via email based on the criteria that you list.

If you are seriously considering selling your San Gabriel home and would like a private consultation, please contact me at     626-627-7107     or Irina@Irina4RealEstate.com.

San Gabriel Real Estate Market Report for the month of June 2008:

San Gabriel Real Estate Market Report for the month of May 2008:

* Data compiled from ITEC MLS

Posted By: Irina Netchaev - Pasadena California Real Estate Agent - Irina Netchaev & Associates.  Irina and her Team of Real Estate experts work in the beautiful Keller Williams Realty in Pasadena California specializing in Pasadena Real Estate, San Marino Real Estate, South Pasadena Real Estate, San Gabriel Real Estate, Altadena Real Estate, Alhambra Real Estate, Monterey Hills Real Estate, Arcadia Real Estate, Sierra Madre Real Estate and surrounding communities.

       (626) 204-3340