San Marino CA real estate saw a slight bump in prices, according to market data release July 8. Market activity has been a little slow in the area in recent weeks, but the low number of San Marino CA real estate listings has kept the area in a seller’s market, meaning that conditions favor home sellers in the negotiating process.
The numbers are based on this week alone; trends fluctuate from week to week, so keep watching my blog for these updates. If you’d like to read about market trends in other areas of San Gabriel Valley, check out my “San Gabriel Valley real estate report.”
These trends are based on Altos Research Real-Time Real Estate Data.
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San Marino CA real estate: By the numbers
The median list price this week is $1,919,000. Prices continue their climb again this week and sales are exceeding inventory, but we’re a long way from the market’s price high point. Since the market is already in the Seller’s zone, expect prices to level off soon.
Average days on market: 40
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Asking price per sq foot: $695
Market Action Index score: 43.3
San Marino CA real estate is well-positioned, faring slightly better than other areas of San Gabriel Valley, as prices and sales see a bump.
