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Health & Fitness

Patch Blog: Real Estate Market Update - May 2011

San Marino real estate market report for May 2011.

San Marino's house selling activity is on the rise as we're heading smack in the middle of the real estate's most popular buying cycle--summer!  In January and February of this year, we've seen only a handful of sales (3 in Jan and 4 in Feb). However, the last few months, the number of homes sold is running closer to normal of about 13 a month.

Here's a look at San Marino's real estate stats for May 2011:

  • There are 41 active single family homes for sale in San Marino, California ranging between $875,000 to $6,800,000. 37 of these homes were listed in the month of May with an average list price of $2,109,00.
  • There are 13 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average closed price of $1,897,000, spending an average of 97 days on the market.
  • YTD there have been 45 closed sales with an average sold price of $1,754,891, spending an average of 78 days on the market
    • Average price per square foot was $587
    • Average interior square footage--3,063
  • Highest Priced Home for May 2011 – $5,80,000 – 658  days on the market.
  • Lowest Priced Home for May 2011 – $1,150,000 – 93 days on the market.

For comparison purposes, 2010 San Marino real estate market information is below:

Find out what's happening in San Marinowith free, real-time updates from Patch.

  • 2010 had 117 closed sales with an average sold price of $1,924,304 spending an average of 58 days on the market with an average price of square foot running at $603.
  • Highest Sold– $6,200,000 – 58 days on the market
  • Lowest Sold– $818,888 – 11 days on the market

* All data from Pasadena Foothill Association of Realtors and Trendgraphix Inc.

 

Find out what's happening in San Marinowith free, real-time updates from Patch.

Irina Netchaev is a real estate broker living and working in San Marino.  She is the founder of Pasadena Views Real Estate Team with John Aaroe Group and can be reached at (626) 629-8439.

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