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Blog: San Marino Real Estate; Market is Weathering Cool Periods Well

The San Marino real estate market continue to weather its up and downs. This week it shows some positive signs with increasing demand, despite a slight slide in prices.

The San Marino real estate market continues to hold on, despite some cooler periods. This week, we see that demand is increasing and the length of time properties stay on the market is decreasing – exactly the recipe you want for a healthy market. There was a slight price slump, to median listing price of $1,951,500. That’s still well above the median price of a couple of weeks ago, however.

If you’d like to get an idea of what price your San Marino real estate might bring, visit our Home Values page. Or, if you’re a buyer, search for San Marino real estate to see some current listings on the market.

San Marino real estate trends

As of this week, properties are staying on the market an average of 92 days. The asking price per square foot is standing at $712.

The trends are based on data from Altos Research Real-Time Real Estate numbers. To see a more complete breakdown of market numbers for San Marino real estate and the rest of San Gabriel Valley, read my article “San Gabriel Valley market outlook.”

The numbers tend to fluctuate from week to week, so the market conditions reported here are likely to change.  Watch our Classic Pasadena Homes blog for updates on the San Marino real estate market each week.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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