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Health & Fitness

San Marino CA real estate: Market favors sellers

The San Marino CA real estate market may be in a holding pattern, but that pattern continues to favor sellers.

San Marino CA real estate is holding steady as a seller’s market, despite little activity. Real estate trends released earlier this week indicated little change in the market, but the number of San Marino CA real estate listings remained low enough that conditions continue to favor home sellers over home buyers in the negotiation process.   

The trends are based on this week alone, so it’s possible we’ll see better in weeks to come. We’ve already seen the Pasadena CA real estate markets swing wildly between one week and the next, so keep watching keep watching for these updates or check out my ActiveRain real estate blog week by week for the latest news of housing conditions in your area. 

These trends are based on Altos Research Real-Time Real Estate Data. If you’re interested in learning more about what your property could bring on the market, visit our Home Values page.

Find out what's happening in San Marinowith free, real-time updates from Patch.

San Marino CA real estate: By the numbers

The median list price this week is $1,824,000.. Again this week we see a downward notch for prices. Pricing has been weak in recent weeks versus their absolute-high levels. Market activity is fairly flat, but there are few enough listings on the market to keep it in the seller zone. This essentially means that sellers continue to have more negotiating power in sales than buyers do.

Average days on market: 75
Asking price per sq foot: $700
Market Action Index score: 38.9 

The San Marino CA real estate market may not be hopping, but it's still a good time to be a seller in San Gabriel Valley, so be patient and I'm sure we'll see another surge in activity in the near future.

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