San Marino CA real estate prices slipped slightly -- to $2,298,000 -- according to market data released Aug. 5.
Home sales have been exceeding new inventory for several weeks. However, prices have not yet stopped falling. Because the market is already in the Seller's zone, prices are likely to level off soon.
Median prices still remain healthy in San Marino, and the market conditions continue to give negotiating power to sellers. To learn more about what your home might be worth on the market, visit homevaluesca.com for a free market analysis report.
The trends fluctuate from week to week, so keep watching my blog for updates. Visit my blog on the Pasadena Patch to read my update on market trends in that area.
Numbers are based on Altos Research Real-Time Real Estate Data.
San Marino CA real estate: By the numbers
Average days on market: 59
Asking price per sq foot: $710
Market Action Index score: 38.2
To learn more about San Marino CA real estate, visit my website at navigatingyourmove.com.