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San Marino Real Estate Update for November

San Marino Real Estate Update for November

San Marino real estate analysis for November 2008 is below. Full real estate statistics for September through November 2008 may be found by clicking on the original post at San Marino Real Estate Market Analysis for November 2008.

Even though San Marino has not escaped the touch of foreclosures, overall, real estate market is holding very well. Inventory is relatively unchanged with approximately 30 homes available for sale each month over the last couple of months and homes are selling on average at 1.67% over asking price.

The home on Charleton had multiple offers immediately after going on the market at a premium of $625 per square foot and is now in escrow.

Three out of four homes currently in escrow are over $2 million. Every Thursday broker open house I attend is busy with both real estate agents attending and buyers stopping by.

The lowest priced home in San Marino right now is at 1615 South Los Robles Avenue – a 3 bedroom, 3 bath priced at $989,500.

The highest priced home in San Marino is still the $7.9 million Old Mill Road estate. This luxury property sits on over 82,000 sq. ft. lot and has 8 bedrooms and 7 baths.

There is also one home for sale in unincorporated San Gabriel, but with coveted San Marino school district option. That home is at 7023 La Presa Drive and is listed for sale at $785,000. With 3 bedrooms and 2 baths, it’s a nice starter home for families looking to get their kids into San Marino schools.

All available homes for sale in San Marino California can be found below. Feel free to sign up for a VIP membership which allows you to save your own San Marino home searches. This MLS (Multiple Listing Service) system also emails you automatically as a new home comes up on the real estate market within your specified criteria.

 

If you are interested in foreclosures in San Marino and the surrounding cities, please click on the link below. Thank you for visiting!

Foreclosure list of homes (REOs) in San Marino, Pasadena, South Pasadena and the rest of the San Gabriel Valley.

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Posted on December 13th, 2008
Posted by: Irina Netchaev

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