Health & Fitness
San Marino CA real estate: Prices inch up
My weekly San Marino CA real estate report for the week of June 17 indicates that prices have edged up, but the overall trend for the area remains downward.
The San Marino CA real estate market saw prices inch up the week of June 17, but the overall trend has been downward. 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.
These trends are based on Altos Research Real-Time Real Estate Data.
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 $1,850,000. This week, prices bumped up, but it’s too soon to tell if this will be a reversal of the overall downward trend over the past few weeks. The market remains in the seller zone. This essentially means that sellers continue to have more negotiating power in sales than buyers do.
Average days on market: 63
Find out what's happening in San Marinowith free, real-time updates from Patch.
Asking price per sq foot: $704
Market Action Index score: 40.4
Despite the dip in prices in recent weeks, it’s still a good time to list your San Marino CA real estate property while inventory remains low and the negotiating power is in your corner.
