San Marino CA Homes For Sale
and Recent Market Activity June 7, 2015
This is a recap of San Marino homes for sale, in escrow and sold during the month of May as well as for the first five months of 2015 with a comparison to the same periods in 2014. All statistical information in this report has been gathered from our local multiple listing service(mls) and does not include all real estate transactions in the city.
The city of San Marino is located in the West San Gabriel Valley of Los Angeles County and is comprised of single family homes with no apartments, condos or townhomes within its city limits. Well-known for its well-manicured appearance and tree-lined streets, the city boasts top performing public schools. Another treasure in the city is the former home of railroad pioneer and philanthropist Henry Huntington which is now the world renown and respected Huntington Library, Art Galleries and Botanical Gardens.
There are currently 40 San Marino homes for sale ranging from $1,200,000 to $17,000,000 with an additional twelve in escrow. During May 2015, there were 16 mls-reported closed transactions ranging in sale prices from $1,270,000 to $6,625,000 with an average price of $3,101,188(median sales price $2,760,000. They sold at 100.23% of last list price and for $864.16 per square foot on average. During May 2014, there were twelve sales. Those sales ranged from $1,446,770 to $3,980,000 with an average sales price of $2,227,648(median $1,925,000). They sold at 108.41% of last list price and for $837.64 per square foot on average.
Inventory of San Marino homes for sale has jumped dramatically. When compiling data for this report last year, there were in the second half of 2014. At this point in 2013, there were 17 homes on the market for sale versus 40 today. Yes, there are still multiple offers for some homes but potential sellers need to stay aware of current market trends when it comes to list prices and marketing strategy.
Whether you are a prospective buyer or seller and would like more detailed information than this brief report can provide, please contact me at 818.516.4393 cell. Let’s discuss what is important to you when it comes to real estate in San Marino or anywhere throughout the West San Gabriel Valley.
Published: June 7, 2015
San Marino CA Homes For Sale
and Recent Market Activity June 7, 2015
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