San Marino Real Estate Update for November 2009

Here’s the latest information on real estate activity in San Marino California:

[altos_flash_chart st=”CA” cid=”2008″ zid=”1087″ rt=”sf” ra=”a” q=”a” right=”median_price” left=”mean_dom” mini=”none” width=”450″ height=”450″ /]

[altos_stat_table st=”CA” cid=”2008″ zid=”1087″ rt=”sf” format=”wide” endDate = “2009-11-13″/]


In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies
that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


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