The housing market is San Marino is starting to cool, based on this week’s numbers from Altos Research Real-Time Real Estate numbers. This week’s trends show that more supply is coming on the market relative to the sales demand. However, prices are continuing to move upward.
Typically, a Market Action Index score of at least 30 is needed to be considered a seller’s market. San Marino is at 34.8, but it’s trending downward, and conditions are beginning to favor buyers.
The median listing price this week is holding steady, at $1.691 million. The asking price per square foot is at $678, and the average length of time a property is on the market is 108 days.
The numbers tend to fluctuate from week to week, so the market conditions reported here reflect only our current trends. To see a more complete breakdown of market numbers for San Marino and the rest of San Gabriel Valley, read my article “Southern Ca homes for sale: A market outlook.”
And, if you're considering selling your home (no matter which community you live in), I encourage you to visit my Home Values page to get a better idea about how your property might fare on the market.
