San Marino CA - October 2011 Sales Recap & Market Update

San Marino CA - October 2011 Sales Recap & Market Update

Since its founding, in 1913, San Marino has been home to some of the most beautiful estate properties in the state of California. It is home to the Huntington Library, Art Collections and Botanical Gardens, the former home of Henry Huntington. The 30 acre Lacy Park acts as a community gathering place as does the Crowell Public Library that opened in January 2008. The San Marino School District has two elementary schools(Valentine and Carver), one middle school(Huntington) and high school(San Marino High School) with a nationwide reputation for excellence. San Marino has single family homes only with no apartments, condominiums or townhomes within city limits. For more information, please see the city website http://www.cityofsanmarino.org/

San Marino CA - October 2011 Sales Recap & Market Update

In October 2011 there were 10 properties sold according to the local multiple listing service compared to 18 sold the previous month. They ranged in sold price from $887,000 to $2,700,000. In October 2010, there were eight sales and they ranged in price from $818,888 to $6,000,000.

There are currently 23 homes on the market for sale ranging in price from $950,000 to $3,499,500. 17 properties are in escrow and they range in list price from $1,186,000 to $4,500,00 according to the local multiple listing reports from November 15, 2011.

Demand for properties in San Marino remain high with many homes continuing to receive multiple offers.

San Marino CA - October 2011 Sales Recap & Market Update

Michael Jacobs is a Realtor who serves the San Gabriel Valley and the northeast foothill communities wtihin the city of Los Angeles and can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com