San Marino's real estate prices have always been driven by their top rated public schools, a small knit community and close proximity to Pasadena and downtown LA.  As expected, San Marino real estate activity has stayed strong even in the down market and as Pasadena's real estate started picking up, San Marino housing market immedicately followed.

Inventory of homes remained pretty much the same last month, but the sales activity has picked up significantly and so did the price per square foot that home buyers are willing to pay.  Take a look at the data below.

 

San Marino Real Estate Statistics for February through May 2009:

 

Single Family Residence	Feb-09	Mar-09	Apr-09	May-09
New Listings	13	18	14	15
Total Listings	30	38	35	39
Sales Pending	4	9	12	16
Homes Sold	4	1	10	14
Listings Expired	1	6	4	5
Average Days on the Market	126	29	67	49
Average Price Per Sq. Ft.	$631	$521	$526	$585
Median Selling Price	$2,049,000	$1,738,000	$1,477,500	$1,649,000
Average Selling Price	$2,147,333	$1,738,000	$1,710,300	$1,863,057
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	32.5	164.7	15	15

Search all San Marino homes for sale - live feed from the Multiple Listing Service below:

For more property detail, please visit San Marino Homes for Sale post.

READ MORE:

San Marino City Guide

South Pasadena City Guide

Altadena Foreclosures List

Burbank Foreclosure Home List

Pasadena Foreclosure Home List

South Pasadena Foreclosure Home List

 

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 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

http://www.pasadenacarealestatehomes.com/009845

UPDATE TO POST FOR San Marino's 4th of July 2009

This year, 4th of July wristbands can be purchased for $20 at the San Marino Recreation Department located at 1560 pasqualito Drive.  Hours are Monday through Friday, June 15th through July 2nd from 8 am to 5 pm.

If you are a San Marino resident, wristbands are available for $5 through Thursday July 2nd.

Please note, I have no more wrist bands left to distribute this year... thanks to all for your emailed requests.

READ MORE:  4th of July firework celebration in Pasadena and surrounding cities!

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Every year, the City of San Marino holds a 4th of July celebration in Lacy Park.  This year, San Marino community is invited to celebrate this family event on Friday July 4th.  

This is an all day event featuring ongoing game booths, bingo from 4 until 7 pm, stage entertainment from 5:30 until 9 pm and of course, the most amazing firewords display in the area (starting at approximately 9 pm.)

The Virginia Road entrance (1485 Virginia Road) to the park will open at 8 am.  No entrance will be allowed via the back park entrance at St. Albans Road until 3 pm.  Guests may reserve areas using blankets, chairs and ropes.  No stakes will be permitted in the ground.

Read also:  The run of the wild - San Marino Tradition

Also, same day the Annual Fourth of July Parade sponsored by the Rotary Club of San Marino will begin at 5 pm.  Young kids on decorated bikes and accompanied by an adult are welcomed and encouraged to participate.  This is a true hometown parade. 

If your child would like to participate, registration is not required.  You can just proceed to the front section of the parade. 

Read also:  2007 preparations for 4th of July parade in San Marino

If you are a resident of San Marino, you can pick up to 10 complimentary wristbands at the San Marino Recreation department starting on Monday June 9th at 8 am. 

If you are not a resident of San Marino, you may purchase wristbands for $10 per person at the San Marino Recreation Department also.  San Marino rec is located at 1560 Pasqualito Drive in San Marino and is open Monday through Thursday from 8 am until 5 pm.

If you purchase the wristband on the day of the event, the cost will be $20 per person.

READ MORE:  4th of July 2008 at Lacy Park

 

See you on the 4th of July at Lacy Park!

http://www.pasadenacarealestatehomes.com/007657

Actually, this year the Showcase House of Design is in San Marino right on the border of Pasadena and just steps from South Lake Avenue Shopping District.  It is truly a magnificent Italian Renaissance Revival estate built in 1917.  This gorgeous property was designed by the renowned Pasadena architect G. Lawrence Stimson and has over 10,000 square feet of living space and sits on 2 acres of land.

Rumor has it that this estate belongs to one of San Marino's past city mayors.  It's a huge honor to have your home selected to be the Showcase Design home.  At the same time, it takes a lot of patience on the part of the owner because they have to move out months ahead of time to allow designers the time to work their magic.

 

 

It is interesting to note that Pasadena's Showcase House of the Arts is an all volunteer organization with members donating their time and talents since 1948.  They originally started out as The Pasadena Junior Philharmonic Committee, and adopted the Pasadena Showcase House of Design as their annual benefit in 1965. It is one of the oldest, largest and most successful house and garden tours in the nation.  For more information please visit Pasadena's Showcase House website.

I love visiting the Showcase House of Design each year not only to see the amazing transformation and vision of individual designers, but also to visit the shops and restaurant which is catered by Wolfgang Puck.  The shops have the most amazing selection of beautiful, hand made gifts - perfect for Mother's Day!  I always stop by Wick'd Bean Candle display and load up on my favorite scent - Champagne and Apricot. 

The Shops and Restaurant at Showcase hours are:

Tuesdays 9 am to 5 pm

Wednesdays through Friday 9 am to 9 pm

Saturdays and Sundays 9 am to 5 pm.

Closed on Mondays.

 

The Showcase House Entry Hours:

Tuesday, Saturday, Sunday - 9 am to 3:45 pm

Wednesday, Thursday, Friday - 9 am to 7:45 pm

Ticket times are scheduled on the quarter hour.

Closed on Mondays.

 

To order tickets, please call 714-442-3872 or visit www.pasadenashowcase.org

 

Ticket Prices are from $30.

 

READ MORE:  Pasadena Real Estate Guide

Do you have $52 Million to spare?  Extraordinary Pasadena luxury estate

http://www.pasadenacarealestatehomes.com/0096E1

San Marino California is a bit of a "humpty dumpty" - up again and then down again!  What's going on?

Last month, San Marino real estate saw more inventory, but home sales prices and price per square foot dropped to the low $500s.  Of course, this has to do with the fact that there was only 1 sale in the month of March.  Just one home sold in a neighborhood with over 4,400 properties!

I also find it fascinating to see that the median price of San Marino homes in 2009 year to date is way higher, yes... I said higher, than in 2008.  Take a look at the graph below:

 

April is going to be much more telling since there are 9 San Marino homes in escrow right now.  Once these homes officially close escrow, we will see whether or not San Marino's real estate market is in step with Pasadena real estate and South Pasadena real estate.

READ MORE:  Pasadena real estate is on the rebound and South Pasadena Real Estate statistics for March 2009

San Marino is also in the process of voting for Measure E, the parcel tax initiative to support San Marino schools during the California budget crisis.  If you are interested in buying a San Marino home, you might want to learn more about Measure E.

 

READ MORE:  Measure E for Excellence in Education in San Marino schools

San Marino Real Estate statistics for January through March 2009:

Single Family Residence	Jan-09	Feb-09	Mar-09
New Listings	9	13	18
Total Listings	24	30	38
Sales Pending	4	4	9
Homes Sold	3	4	1
Listings Expired	6	1	6
Average Days on the Market	43	126	29
Average Price Per Sq. Ft.	$513	$631	$521
Median Selling Price	$1,780,000	$2,049,000	$1,738,000
Average Selling Price	$1,736,667	$2,147,333	$1,738,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	34.7	32.5	164.7

 

Let's take a look at Altos Research and their analysis of San Marino real estate as of today April 24, 2009:

 

If you are interested to see San Marino homes for sale, all available San Marino properties are shown below:

 

 

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

 

If you are thinking of buying a San Marino home or are interested in looking at neighboring Pasadena property, please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

 

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

 

 

http://www.pasadenacarealestatehomes.com/0096B2

San Marino once again took its rightful place as one of the top selling price per square foot cities in the Pasadena area.  In February, there were 13 new homes listed for sale and 4 San Marino homes were sold with an average selling price of $2,147,333. 

Interestingly enough, outside of the St. Albans foreclosure that is now in escrow, San Marino has not seen any other short sales or foreclosures in the recent weeks.

The inventory of these luxury estates for sale is increasing in March with an additional 9 new listings coming on the market in the first 10 days of the month.  Here's a quick, real time analsyis of San Marino Real Estate for your review:

 

San Marino real estate statistics for December 2008 through February 2009:

 

Single Family Residence	Dec-08	Jan-09	Feb-09
New Listings	2	9	13
Total Listings	22	24	30
Sales Pending	3	4	4
Homes Sold	9	3	4
Listings Expired	12	6	1
Average Days on the Market	44	43	126
Average Price Per Sq. Ft.	$576	$513	$631
Median Selling Price	$1,679,000	$1,780,000	$2,049,000
Average Selling Price	$1,877,889	$1,736,667	$2,147,333
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	10.6	34.7	32.5

 

READ MORE:  San Marino California - 2003-2008 Real Estate Review

Data above compiled from ITEC (Pasadena Foothill Association of Realtors and Multiple Listing Service)

To see homes available for sale in San Marino, take a look at the list below:

 

Interested in being on top of the San Marino real estate statistics? Order your free weekly San Marino real estate analysis from Altos Research, the premier real estate statistics and reporting company. Proudly brought to you by Irina Netchaev, your Pasadena and San Marino Realtor.

http://www.pasadenacarealestatehomes.com/009556