Special offer

San Marino, CA -- April 2011 Sales Recap & Market Update

By
Industry Observer CalDRE #01165532

San Marino, CA -- April 2011 Sales Recap & Market Update

Perhaps not as famous as its neighbor Pasadena and small in population, the affluent city of San Marino is justly proud to be the home of the Huntington Library, Art Collections and Botanical Gardens, the former estate of Henry Huntington.  Since its founding in 1913, San Marino has been home to some of the most beautiful estate properties in the state of California.  The 30 acre Lacy Park acts as a community gathering place as does the Crowell Public Library that opened in January 2008.  The San Marino School District with two elementary schools, middle school and high school has a reputation for excellence that further enhances the desirability of the community. 

San Marino, CA -- April 2011 Sales Recap & Market Update

San Marino has single family homes only with no apartments, condominiums or townhomes within the city.   In April 2011, there were 13 properties sold according to local multiple listing service records.  Sold prices ranged from $1,030,000(two story home on San Marino Avenue) to $3.750,000(almost 5000 square foot residence on Canterbury).  The median price for sold properties in April 2011 was $1,638,000 and homes sold, on the average, for 99.49% of the last listing price.  Eight of the 13 homes sold at or above the list price.  During April 2010, there were 20 homes sold ranging in price from $1,150,000 to $4,788,000 at a median price of $1,639,000.

As of May 15, there are 36 properties for sale in San Marino ranging in price from $880,000(Winthrop Road) to $7,880,000(Shenandoah Road).   There are currently 19 properties in escrow with seven of those in back-up position and 12 showing in pending status(typically all contingencies removed).  

San Marino, CA -- April 2011 Sales Recap & Market Update

Michael Jacobs is a Realtor serving the Pasadena/San Marino areas as well as other communities within the San Gabriel Valley as well as the northeast foothill communities within the city of Los Angeles.  He can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

 

Posted by

Michael Jacobs

 

CalBRE # 01165532

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

Comments (4)

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael I love San Marino and I really enjoyed the statistics. Hope you reaped the benefit of some of these closings.

May 15, 2011 07:19 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Thanks, Endre.

May 16, 2011 02:33 PM
Not a real person
San Diego, CA

I went to the Huntington Library for the first time back in 1973. Didn’t make it back until October 2010, but I can guarantee you it won’t be another 37 years before getting back there!

May 19, 2011 03:51 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Russel -- The Huntington always has something new to discover and every first Thursday of the month is FREE to enter.  

May 20, 2011 04:56 PM