The following is the month end data for real estate activity in San Marino for July 2012.  For any questions, please feel free to contact me through my main website, or click here to browse San Marino homes for sale.

Market Profile & Trends Overview	Month	LM	L3M	PYM	LY	YTD	PriorYTD	PriorYear
Median List Price of all Current Listings	$1,500,000
Average List Price of all Current Listings	$1,990,143
July Median Sales Price	$1,840,000					$1,696,400
July Average Sales Price	$2,003,933					$1,851,727
Total Properties Currently for Sale (Inventory)	35
July Number of Properties Sold	18					76
July Average Days on Market (Solds)	49					58
Asking Price per Square Foot (based on New Listings)	$560					$598
July Sold Price per Square Foot	$619					$603
July Month’s Supply of Inventory	1.9					5.1
July Sale Price vs List Price Ratio	104.5%					101.4%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

July Property sales were 18, up 5.9% from 17 in July of 2011 and 80.0% higher than the 10 sales last month. July 2012 sales were at their highest level compared to July of 2011 and 2010. July YTD sales of 76 are running 5.6% ahead of last year’s year-to-date sales of 72.

Prices

The Median Sales Price in July was $1,840,000, up 47.2% from $1,250,000 in July of 2011 and up 7.0% from $1,719,250 last month. The Average Sales Price in July was $2,003,933, up 23.0% from $1,628,764 in July of 2011 and up 15.3% from $1,737,315 last month. July 2012 ASP was at highest level compared to July of 2011 and 2010.

Inventory & MSI

The Total Inventory of Properties available for sale as of July was 35, down -22.2% from 45 last month and down -32.7% from 52 in July of last year. July 2012 Inventory was at the lowest level compared to July of 2011 and 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2012 MSI of 1.9 months was at its lowest level compared with July of 2011 and 2010.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for July was 49, up 63.3% from 30 days last month and down -2.0% from 50 days in July of last year. The July 2012 DOM was at a mid range compared with July of 2011 and 2010.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The July 2012 Selling Price per Square Foot of $619 was down -3.3% from $640 last month and up 11.9% from $553 in July of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The July 2012 Selling Price vs List Price of 104.5% was down from 105.6% last month and up from 100.4% in July of last year.

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in July 2012 was 17, up 6.3% from 16 last month and down -32.0% from 25 in July of last year.

Based on information from Internet Technology Multiple Listing Service for the period through 7/31/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

The following is the month end data for real estate activity in San Marino for June 2012.  For any questions, please feel free to contact me through my main website, or click here to browse San Marino homes for sale.

Market Profile & Trends Overview	Month	LM	L3M	PYM	LY	YTD	PriorYTD	PriorYear
Median List Price of all Current Listings	$1,549,000
Average List Price of all Current Listings	$2,056,269
June Median Sales Price	$1,813,500					$1,625,000
June Average Sales Price	$1,911,879					$1,858,836
Total Properties Currently for Sale (Inventory)	26
June Number of Properties Sold	7					46
June Average Days on Market (Solds)	20					63
Asking Price per Square Foot (based on New Listings)	$577					$584
June Sold Price per Square Foot	$624					$600
June Month’s Supply of Inventory	3.7					4.3
June Sale Price vs List Price Ratio	108.0%					101.1%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

June Property sales were 7, down -12.5% from 8 in June of 2011 and -50.0% lower than the 14 sales last month. June 2012 sales were at their lowest level compared to June of 2011 and 2010. June YTD sales of 46 are running equal to last year’s year-to-date sales of 46.

Prices

The Median Sales Price in June was $1,813,500, up 42.8% from $1,270,000 in June of 2011 and up 21.1% from $1,497,500 last month. The Average Sales Price in June was $1,911,879, up 4.6% from $1,828,625 in June of 2011 and up 8.5% from $1,761,736 last month. June 2012 ASP was at highest level compared to June of 2011 and 2010.

Inventory & MSI

The Total Inventory of Properties available for sale as of June was 26, down -13.3% from 30 last month and down -16.1% from 31 in June of last year. June 2012 Inventory was at the lowest level compared to June of 2011 and 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2012 MSI of 3.7 months was at a mid range compared with June of 2011 and 2010.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for June was 20, down -37.5% from 32 days last month and down -72.6% from 73 days in June of last year. The June 2012 DOM was at its lowest level compared with June of 2011 and 2010.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The June 2012 Selling Price per Square Foot of $624 was up 4.3% from $598 last month and up 10.2% from $566 in June of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The June 2012 Selling Price vs List Price of 108.0% was up from 101.3% last month and up from 99.3% in June of last year.

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in June 2012 was 9, down -52.6% from 19 last month and down -25.0% from 12 in June of last year.

Based on information from Internet Technology Multiple Listing Service for the period through 6/30/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

The following is the month end data for real estate activity in San Marino for May 2012.  For any questions, please feel free to contact me through my main website, or click here to browse San Marino homes for sale.

Market Profile & Trends Overview	Month	LM	L3M	PYM	LY	YTD	PriorYTD	PriorYear
Median List Price of all Current Listings	$1,746,500
Average List Price of all Current Listings	$2,202,808
May Median Sales Price	$1,497,500					$1,592,000
May Average Sales Price	$1,818,692					$1,872,522
Total Properties Currently for Sale (Inventory)	26
May Number of Properties Sold	12					37
May Average Days on Market (Solds)	30					72
Asking Price per Square Foot (based on New Listings)	$578					$588
May Sold Price per Square Foot	$611					$600
May Month’s Supply of Inventory	2.2					4.5
May Sale Price vs List Price Ratio	102.1%					100.3%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

May Property sales were 12, up 50.0% from 8 in May of 2011 and 71.4% higher than the 7 sales last month. May 2012 sales were at a mid level compared to May of 2011 and 2010. May YTD sales of 37 are running -2.6% behind last year’s year-to-date sales of 38.

Prices

The Median Sales Price in May was $1,497,500, up 8.8% from $1,376,500 in May of 2011 and down -13.7% from $1,735,000 last month. The Average Sales Price in May was $1,818,692, down -8.1% from $1,978,125 in May of 2011 and up 0.2% from $1,814,286 last month. May 2012 ASP was at the lowest level compared to May of 2011 and 2010.

Inventory & MSI

The Total Inventory of Properties available for sale as of May was 26, up 30.0% from 20 last month and down -7.1% from 28 in May of last year. May 2012 Inventory was at the lowest level compared to May of 2011 and 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2012 MSI of 2.2 months was at its lowest level compared with May of 2011 and 2010.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for May was 30, down -67.7% from 93 days last month and down -78.1% from 137 days in May of last year. The May 2012 DOM was at its lowest level compared with May of 2011 and 2010.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The May 2012 Selling Price per Square Foot of $611 was up 3.7% from $589 last month and up 16.6% from $524 in May of last year.

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The May 2012 Selling Price vs Original List Price of 102.1% was up from 98.9% last month and up from 99.5% in May of last year.

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in May 2012 was 15, up 15.4% from 13 last month and up 50.0% from 10 in May of last year.

Based on information from Internet Technology Multiple Listing Service for the period through 5/31/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.