Market Update for San Marino Homes for Sale, week ending 12/15/13

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE#01512696

How's the Real estate market for San Marino for the week ending 12/15/2013?

 San Marino Real Estate is a Seller’s Market. Here's why:

 ·    Less than 1 month supply of homes trending

 ·    10 Homes available (0 New this week)

 

The 6 month numbers are as follows:

Average Sale Price: $2,204,605

Median Sale Price: $1,850,000

Average Days on Market: 40

Average Sale Price to List Price Ratio: 104.63%

 

Of Special Note this week: 4 properties closed this week, one at over 13% over list! Average dollar per foot is still showing some late summer numbers of over $1,000 but the current typical is hovering just over $700.00. Due to the holiday slump, and perhaps some uncertainty in the Chinese economy, nothing went into escrow this week. As 2013 comes to a close, we’ll see if this short term trend continues.

That’s the market for San Marino homes for sale for the week ending 12/15/13

 

Posted by

Lee Bothast, CRS, CCS, CN

2nd Generation Pasadena Area Realtor

International President's Circle, 2017

Coldwell Banker Residential Brokerage

626.533.3929 cel

www.leebothast.com

CalBRE# 01512696

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