Market Update for San Marino Homes for Sale, week ending 3/29/15
By Lee Bothast, CRS, 2nd Generation Pasadena Area Realtor
(Coldwell Banker Residential Brokerage)
How's the Real estate market for San Marino Homes for Sale for the week ending 3/29/15? San Marino Real Estate is a Seller’s Market. Here's why: · 3.5 month supply of homes trending! · 27 Homes available (7 New this week) The 6 month numbers are as follows: Average Sale Price: $2,550,913 Median Sale Price: $2,194,000 Average Days on Market: 38 Average Sale Price to List Price Ratio: 100.01% Of Special Note this week: A year ago there were 11 homes on the market and only 1 month supply. In November there were 24 with a 2 months supply. Looking at the numbers today it appears that the anticipated slowdown, possibly due to the international money regulations change, has materialized and manifested itself in the San Marino homes for sale market. A year ago the average list to sale pri...
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