Posts Tagged San Marino

San Marino CA Real Estate Market Trends for July 2012

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.

San Marino Sales July 2012

 

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.

 

San Marino Prices July 2012

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.

San Marino Inventory July 2012

 

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.

San Marino Market Time July 2012

 

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.

San Marino Price per Sq Ft July 2012

 

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.

San Marino Selling vs Listing Price July 2012

 

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.

San Marino Inventory Listings Sales July 2012

 

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San Marino CA Real Estate Market Trends for June 2012

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.

San Marino Sales June 2012

 

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.

San Marino Prices June 2012

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.

San Marino Inventory June 2012

 

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.

San Marino Market Time June 2012

 

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.

San Marino Price per Sq Ft June 2012

 

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.

San Marino Selling vs Listing Price

 

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.

San Marino Inventory Listings Sales June 2012

 

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San Marino Lacy Park 4th of July Fireworks

Get your blankets and lawn chairs ready!  It’s almost the fourth of July and San Marino is once again hosting it’s annual Independence Day celebration in Lacy Park.  This year’s program promises to be as much fun as ever.  The park will open at 8 a.m. and will feature food booths, a fun zone, a community parade, stage entertainment, and a fireworks display at 9 p.m.

There are a few details to be aware of to enjoy the celebration this year.  The Virginia Road entrance will open first thing in the morning.  However, the St. Albans Road entrance will not open until 3 p.m.  Space can be reserved with blankets and chairs but ropes and stakes are not allowed.  In order to enter the park, each person will need to have a wristband.  Wristbands can be purchased on the fourth for $20 (children two and under are free).  Additionally you can pre-purchase bands from now through July 3rd at a discount.  Non-residents will pay $15, while residents with id or utility bill can purchase the bands for $5 each.  Wristbands are for sale at the Department of Recreation, City Hall and Crowell Public Library.  For more information, please call 626-943-2627.

We will see you there!

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San Marino Makes List of Most Fashionable Towns

Just because San Marino is a quiet (but beautiful) suburban community doesn’t mean that we don’t have style.  As reported in the San Marino Patch, San Marino was recently named the 25th most fashionable town in America. As one might expect, there are a number of California towns making the list including #1, Newport Coast.  While San Marino did not beat out Beverly Hills, it’s notable that we ranked higher than Malibu, West Hollywood and Santa Monica.  Criteria for the study was the percentage of households that had made at least four transactions at top-end designer merchants in the last thirty months.  At 7.57% of households meeting the mark by their definition of fashion conscious, San Marino comes in at five times the national average.

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San Marino CA Real Estate Market Trends for May 2012

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


Property Sales

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.

San Marino Sales May 2012

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.

San Marino Prices May 2012

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.

San Marino Inventory May 2012

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.

San Marino Market Time May 2012

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.

San Marino Price per Sq Ft May 2012

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.

San Marino Selling vs Listing Price May 2012

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.

San Marino Inventory Listings Sales May 2012

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San Marino CA Real Estate Market Trends for April 2012

The following is the month end data for real estate activity in San Marino for April 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 $1,488,000
Average List Price of all Current Listings $2,124,200
April Median Sales Price $1,735,000 $1,728,000
April Average Sales Price $1,822,571 $1,900,680
Total Properties Currently for Sale (Inventory) 24
April Number of Properties Sold 7 25
April Average Days on Market (Solds) 93 92
Asking Price per Square Foot (based on New Listings) $617 $592
April Sold Price per Square Foot $592 $595
April Month’s Supply of Inventory 3.4 5.2
April Sale Price vs List Price Ratio 99.4% 100.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales

April Property sales were 7, down -46.2% from 13 in April of 2011 and -46.2% lower than the 13 sales last month. April 2012 sales were at their lowest level compared to April of 2011 and 2010. April YTD sales of 25 are running -16.7% behind last year’s year-to-date sales of 30.

San Marino Sales April 2012

Prices

The Median Sales Price in April was $1,735,000, up 5.9% from $1,638,000 in April of 2011 and up 2.2% from $1,698,000 last month. The Average Sales Price in April was $1,822,571, up 4.2% from $1,748,769 in April of 2011 and down -4.7% from $1,912,000 last month. April 2012 ASP was at a mid range compared to April of 2011 and 2010.

San Marino Prices April 2012

Inventory & MSI

The Total Inventory of Properties available for sale as of April was 24, up 14.3% from 21 last month and down -29.4% from 34 in April of last year. April 2012 Inventory was at the lowest level compared to April of 2011 and 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2012 MSI of 3.4 months was at its highest level compared with April of 2011 and 2010.

San Marino Inventory April 2012

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 April was 93, down -2.1% from 95 days last month and up 57.6% from 59 days in April of last year. The April 2012 DOM was at its highest level compared with April of 2011 and 2010.

San Marino Market Time April 2012

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 April 2012 Selling Price per Square Foot of $592 was equal to $592 last month and up 1.7% from $582 in April of last year.

San Marino Price per sq ft April 2012

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 April 2012 Selling Price vs Original List Price of 99.4% was down from 101.7% last month and down from 100.4% in April of last year.

San Marino Selling Price vs List April 2012

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 April 2012 was 14, up 7.7% from 13 last month and equal to 14 in April of last year.

San Marino Inventory Listings Sales April 2012

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San Marino CA Real Estate Market Trends for March 2012

The following is the month end data for real estate activity in San Marino for February 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 $1,598,000
Average List Price of all Current Listings $2,206,371
March Median Sales Price $1,661,500 $1,698,000
March Average Sales Price $1,810,917 $1,860,824
Total Properties Currently for Sale (Inventory) 21
March Number of Properties Sold 12 17
March Average Days on Market (Solds) 55 63
Asking Price per Square Foot (based on New Listings) $559 $582
March Sold Price per Square Foot $577 $586
March Month’s Supply of Inventory 1.8 5.8
March Sale Price vs List Price Ratio 102.7% 101.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

March Property sales were 12, up 9.1% from 11 in March of 2011 and 500.0% higher than the 2 sales last month. March 2012 sales were at their highest level compared to March of 2011 and 2010. March YTD sales of 17 are running equal to last year’s year-to-date sales of 17.

San Marino Sales March 2012

Prices

The Median Sales Price in March was $1,661,500, up 0.7% from $1,650,000 in March of 2011 and down -35.5% from $2,575,000 last month. The Average Sales Price in March was $1,810,917, up 5.1% from $1,723,100 in March of 2011 and down -29.7% from $2,575,000 last month. March 2012 ASP was at a mid range compared to March of 2011 and 2010.

San Marino Prices March 2012

Inventory & MSI

The Total Inventory of Properties available for sale as of March was 21, up 5.0% from 20 last month and down -38.2% from 34 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2012 MSI of 1.8 months was at its lowest level compared with March of 2011 and 2010.

San Marino Inventory March 2012

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 March was 55, down -57.7% from 130 days last month and down -26.7% from 75 days in March of last year. The March 2012 DOM was at a mid range compared with March of 2011 and 2010.

San Marino Market Time March 2012

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 March 2012 Selling Price per Square Foot of $577 was down -20.2% from $723 last month and down -5.9% from $613 in March of last year.

San Marino Price per sq ft March 2012

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 March 2012 Selling Price vs Original List Price of 102.7% was down from 104.6% last month and up from 100.7% in March of last year.

San Marino Selling vs List March 2012

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 March 2012 was 13, down -7.1% from 14 last month and down -18.8% from 16 in March of last year.

San Marino Inventory Listings Sales March 2012

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