San Marino home values depend on market conditions

San marino home valuesIf you’re researching San Marino home values, you’ll find that they fluctuate with real estate market conditions.

San Marino home values are generally among the healthiest in San Gabriel Valley (although it’s occasionally eclipsed by another area, particularly La Canada Flintridge).

As of May 18, the median listing price for single-family homes in San Marino was $2,588,888. Technically, prices have slipped from their high point. But it’s hard to consider San Marino anything but a healthy and robust market with median listing prices above $2 million.

In Pasadena, the median listing price was $799,000. La Canada Flintridge, with higher prices, is still quite a ways behind San Marino home values with a median listing price of $1,649,000.

Even with the pullback in prices, San Marino remains in a strong seller’s market with a Market Action Index score of 59.4.

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer. If you own a home in the area and want to see San Marino home values for your neighborhood — or even your specific property — visit homevaluesca.com.

 

San Marino home values: A look at the market by the numbers

This week, the market data for San Marino is showing:

  • Median listing price: $2.89 million
  • Asking price per sq. foot: $915
  • Average days on the market: 91
  • Market Action Index: 59.4 (strong sellers market)

san marino home values reportThese market statistics come from Altos Research, which provides real-time real estate data. The market fluctuates from week to week, so keep watching my blog for updates.

 

Teri Barton also writes articles of interest to Baby Boomers at blog.boomersnbeyond.com.

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