The home on Charleton had multiple offers immediately after going on the market at a premium of $625 per square foot and is now in escrow.

Three out of four homes currently in escrow are over $2 million. Every Thursday broker open house I attend is busy with both real estate agents attending and buyers stopping by.

The lowest priced home in San Marino right now is at 1615 South Los Robles Avenue – a 3 bedroom, 3 bath priced at $989,500.

The highest priced home in San Marino is still the $7.9 million Old Mill Road estate. This luxury property sits on over 82,000 sq. ft. lot and has 8 bedrooms and 7 baths.

There is also one home for sale in unincorporated San Gabriel, but with coveted San Marino school district option. That home is at 7023 La Presa Drive and is listed for sale at $785,000. With 3 bedrooms and 2 baths, it’s a nice starter home for families looking to get their kids into San Marino schools.

San Marino real estate market statistics for September through November 2008

Data of San Marino homes for sale and San Marino solds was taken directly from ITEC (Pasadena Foothill MLS)

San Marino just had its annual Christmas Around the Drive and St. Albans is aglow to welcome the new year.

Read More: Visit San Marino City Guide

Another great resource for San Marino is www.SanMarinoCARealEstateHomes.com with community information and San Marino photos

Below is a live feed of all San Marino homes for sale in California for your review:

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Posted by Irina Netchaev, San Marino Luxury Home Real Estate Specialist

Originally posted at http://www.pasadenacarealestatehomes.com/san-marino-california-real-estate-and-housing-report-for-november-2008

San Marino California’s real estate inventory remains pretty stable for October. The number of new homes listed for sale remains at 12 with no change from August and the overall number of available homes is still in the low 30s.

On average, it is taking a little over a month to market and sell a home in San Marino and the homes are still selling in the mid $1 million dollar range.

San Marino homes that sold in October sold on average OVER their asking price at 102.43%. The average home sold was 2,868 sq. ft. and had 4 bedrooms and 3 baths.

Highest sold home in San Marino for October was at 913 Winston Avenue and sold for $2,600,000 ($112,000 more than the original asking price!)

Least expensive home sold in San Marino was at 2530 Sycamore Drive and was a 3 bedroom, 2 bath home that was original listed at $980,000. It closed escrow at 970,300.

Begining this month, I will be including the median selling price statistics for San Marino home sales. The median sales price will provide us with a better picture since 50% of homes sell above the median and 50% sell below.

Market Action Index for San Marino real estate market is currently in the Buyer’s Market zone (below 30). See graph below. The 90-day Market Action Index stands at 18. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. This is due to the strong family atmosphere and outstanding San Marino public schools.

San Marino real estate market statistics for August 2008 through October 2008:

Data of San Marino homes for sale and San Marino solds was taken directly from ITEC (Pasadena Foothill MLS)

SUBSCRIBE TO WEEKLY SAN MARINO REAL ESTATE MARKET REPORT BY THE PREMIER REAL ESTATE REPORTING ANALYSIS FIRM, ALTOS RESEARCH

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Posted by Irina Netchaev, San Marino Luxury Home Real Estate Specialist