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San Marino California Real Estate Market Update for February 2009

See how San Marino real estate market is doing in the first few months of 2009

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:

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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

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.

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