Looking for a home in the San Marino real estate market won’t take much time, but it will require pretty hefty finances. As of the beginning of March, there were 8 residential listings in 91108 -- all of them over $1 million in asking price. The number of listings is a significant drop -- about 42 percent -- from last year’s 14 listings in February 2013.
If you’re seeking a residence in the award-winning San Marino school district, you can also find homes in parts of 91107 and 91775 that area included in the school boundaries. Listings in those areas were a little more plentiful: 41 in 91107 and 26 in 91775 as of March 3.
This data is sourced from the Pasadena-Foothills multiple-listings service, the database used by real estate agents to list homes in the region.
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San Marino real estate setting price records
All 8 listings in San Marino 91108 are over $1 million in asking rice. That includes homes at the $5M and $10M mark. The market tops out with a $17 million listing on Virginia Road. The San Marino real estate market has, in fact, been setting records for its high prices recently.
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Homes can be found for prices under $500,000 in the neighboring Pasadena areas, though they are more limited than higher-priced homes for the most part.
As you might imagine, the scarcity of listings combined with the high prices makes the San Marino real estate market great for sellers. For an idea of your home value, visit homevaluesca.com.
Teri Barton writes articles about San Marino real estate, global real estate trends and senior real estate in the San Gabriel Valley area. Find more of her blogs at navigatingyourmove.co
