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San Marino: Demand Continues to Outstrip Supply

San Marino real estate market with its affluent home buyers is suffering from the same lack of home inventory as Pasadena.  There was 50% less homes available for sale this July compared to last year.  And, the price per square foot increased 10.4% while an average price that home buyers need to pay went from $1,630,000 to $2,003,000.

Read More:  San Marino City Guide

Affluent buyers, both local and overseas, are bidding for the opportunity to live in one of the most desirable areas in San Gabriel valley.  With the #1 rated public schools in Southern California, close proximity to museums and parks, and next to shopping, fine restaurants, Caltech and more, San Marino home sellers are able to demand top prices for their homes.

So… what do you get for the $2,000,000 price tag?  Let’s take a look at a few recent solds in that range:

1541 Euston Road

Just half a block from Lacy Park and a few blocks from Huntington Library, this home offers the convenience of enjoying 4th of July celebrations, San Marino parade, strolls through the Huntington Botanical Gardens and being just minutes from South Lake District of Pasadena.

1541 East Euston San Marino

It’s 3 bedrooms, 3 bathrooms with 2,771 sq. ft. on a large lot with over 15,000 sq. ft.

Originally listed for $2,200,000.  It sold in 74 days to an all cash buyer.

1181 Old Mill Road

On the other side of Lacy Park next to the Old Mill, this was a very dramatic and unique estate with 5 bedrooms and 4 bathrooms situated on a 14,755 sq. ft. lot with over 3,400 interior living sq. ft.

1181 Old Mill Road San Marino

Originally listed for $1,990,000.  It sold over asking price at $2,030,000 in only 15 days.  This time with conventional financing.

1922 East California

A beautiful Mediterranean estate representative of California living.  This home is located next to Pasadena’s prestigious Caltech Institute world known for it’s physics and engineering brainiacs.  Locals love Caltech for its earthquake study and updates.  Offering 3 bedrooms and 4 baths, 1.5 stories and almost 4,000 sq.ft., this estate is also on an almost 15,000 sq. ft. lot.

1922 East California San Marino

Originally listed for $1,850,000.  Sold 10% over asking at $2,050,000 in 28 days.

READ MORE:  See all San Marino homes for sale

San Marino California Price Trends:

San Marino real estate market update July 2012


Interested in more information about Pasadena and surrounding cities, check out our City Guides below:

Alhambra City Guide

Altadena City Guide

Arcadia City Guide

Eagle Rock City Guide

Monterey Hills City Guide

Pasadena City Guide

San Gabriel City Guide

San Marino City Guide

Sierra Madre City Guide

South Pasadena City Guide

And, if you are interested in fun activities to do in Pasadena, take a look at our 365 Things To Do in Pasadena® page.

Thinking of selling your San Marino or Pasadena home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Pasadena Real Estate Market.

See all San Marino Homes that Recently SOLD:

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Other Local Properties

    $3,650 :: 2015 Del Mar Avenue, San Marino CA, 91108

    Property Photo

    3 beds, 2 baths
    Home size: 1,830 sq ft
    Lot Size: 7,406 sq ft
    Added: 06/25/20, Last Updated: 11/12/20
    Property Type: Rental Properties
    MLS Number: P0-820002388
    Community: 655 – San Marino
    Tract: Not Applicable
    Status: Sold

    This charming one-story traditional home has a great curb appeal. Close to schools, shops, and restaurants. The formal living room, with a large bay window, is very spacious, light and bright, with a handsome fireplace. The formal dining room overlooks a cozy patio next to the kitchen, which has been updated with granite counter tops and laminate floors. All appliances are included (stove, refrigerator, and dishwasher) along with a stackable washer/dryer. There are 2 large bedrooms and a 3/4 bathroom. The master bedroom has a full bathroom, double sinks, tub and shower, and decorative features. Central air and heat, ceiling fans in the bedrooms with gleaming brick patio with grassy area next to a 2-car detached garage. This special home is located in the award-winning San Marino Unified School District. Don’t miss this opportunity to view this special home!

    Listed with Ruth Mayeda, Coldwell Banker Realty

    Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!