It’s a good time to be a seller in San Marino. This week’s real estate trends show that San Marino continues to be a seller’s market. That basically just means that based on supply vs. demand, the market conditions favor sellers in negotiations. Typically, a Market Action Index score of at least 30 is needed to be considered a seller’s market. San Marino is at 34.6, and trending upward.
Overall, prices have been dropping. But they have tipped up slightly since two weeks ago. The median list price is a healthy $1.691 million. And there is a very good chance that they will level off and perhaps begin climbing. Sales have been exceeding new inventory in San Marino for weeks. Once all the old inventory has been moved off the market, we may see an uptick in the prices.
This week's trends are based on Altos Research Real-time Real Estate Data. 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, read my article "San Marino real estate outlook is good." 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.