Even though the San Marino real estate market is cooling, it’s not all bad news for sellers. This week, the median list price was at $2,227,500, a huge increase from last week’s median of $1,691,500. The market continues to cool mainly because more supply is coming on the market, and may soon exceed sales demand. Prices are going up, but we cannot be sure how long that trend will last in these market conditions.
If you’d like to get an idea of what price your San Marino real estate might bring, visit our Home Values page.
San Marino real estate trends
As of this week, properties are staying on the market an average of 115 days. The asking price per square foot is standing at $784.
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 “Southern Ca homes for sale: A market outlook.”
The numbers tend to fluctuate from week to week, so the market conditions reported here reflect only our current trends. Watch our Classic Pasadena Homes blog for updates on the San Marino real estate market each week.