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In March of 2012, the highest recorded sale price in San Marino was $3,180,000 for 1015 San Marino Ave., while the lowest recorded sale price in San Marino was $945,000 for 605 S. San Gabriel Blvd.  We can clearly see that, with 16 sold listings, activity has picked up quite a bit since February (total # sold was 3).  This is partially due to the all-time low interest rate we are experiencing.  Plus, the demand for San Marino has always been healthy so, with the advent of the wonderful spring/summer seasons, activity is expected to remain strong.

To see prior records, please visit: http://www.janicelee.com/properties/market-updates.htm

For a detailed 2012 real estate forecast, please visit Leslie Appleton-Young’s (Chief Economist at CAR) market update: Real Estate Market Update/2012 FORECAST by Leslie Appleton-Young

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In February of 2012, the highest recorded sale price in San Marino was $2,900,000.  During the same time period, the lowest recorded sale price in San Marino was $2,250,000.  It is interesting to have a month with only three recorded sales.  Furthermore, they were all in the luxury market (above $2 million)!

To see prior records, please visit: http://www.janicelee.com/properties/market-updates.htm

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In January of 2012, the highest recorded sale price in San Marino was $3,025,000.  However, the highest recorded sale in San Marino (not just in this month, but very may well be in “history”) was the single family estate on 930 Orlando Rd.  Since the principles (seller/buyer) do not want the sale price to be public, we in the real estate community should respect that.  But, the rumor has it, the sale price for this amazing estate was just under $20 million!  During the same time period, the lowest recorded sale price in San Marino was $876,000.

To see prior records, please visit: http://www.janicelee.com/properties/market-updates.htm

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Real estate activity in 2011 in San Marino stayed virtually steady from 2010, with 139 recorded sold listings, as compared to 142 recorded listings sold in 2010.  The highest recorded sold price was $6,398,000, at $705/sq. ft., on Orlando Rd.  The second highest recorded sold price was $5,800,000, at $841/sq. ft., on Lombardy Rd., followed by Saint Albans Rd. at $4,700,00, at $1,004/sq. ft.  The lowest recorded sold price was $688,000, at $450/sq. ft., on Del Mar Ave (a probate fixer).  The second lowest recorded sold price was $815,000, at $617/sq. ft., on Los Robles Ave., followed by Rose Ave. at $860,000, at $522/sq. ft.

To see prior years’ records, please visit: http://www.janicelee.com/properties/market-updates.htm

Welcome to my new real estate blog.

Please check back often to see my new posts!

Sincerely,
Janice Lee