San Marino Real Estate Market - View San Marino Real Estate Market Trends in California

Spring 2012 Market Update
Average Home Price	$650,000 - View Graph Trend

Average Price Compared to Last Year	Up 15%

Average Time on Market	0-30 days

Prices As % of Asking Price	99%

Market Trend	Increasing

Buyers’ or Sellers’ Market	About 50-50

Multiple Offers?	Yes

Housing Inventory	Limited Supply

Greatest Activity	Move-up Buyers

Reason to Buy/Sell	Population and job growth, good economic news, new industries and other

Nearest Metro Area	Los Angeles, CA

Housing Hot Spots	Entire area

Average Sold Price	$650,000 - View Graph Trend

San Marino Local News

Local Summary: Demand for housing has resulted in a limited supply. Sellers are receiving multiple offers very close to asking price. The market is being fueled primarily due to activity from move-up buyers.

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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