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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:

Related Posts with Thumbnails

Other Local Properties

    $1,466,000 :: 1953 S Los Robles Avenue, San Marino CA, 91108

    Property Photo

    3 beds, 2 baths
    Home size: 1,333 sq ft
    Lot Size: 5,615 sq ft
    Added: 01/12/24, Last Updated: 02/16/24
    Property Type: Single Family
    MLS Number: P1-16187
    Community: San Marino
    Status: Sold

    Back on the Market! A Cozy Haven nestled north of Huntington Dr, this charming Spanish-style residence offers a perfect blend of convenience and architectural richness. Situated near the supermarket, Garfield Park, and the vibrant shops and restaurants in the Mission District, this home is a haven for those seeking comfort and style.A large front courtyard sets the stage for the architectural beauty within. Step through the handsome original door into an impressive living room adorned with beam ceilings, built-in bookshelves next to a welcoming fireplace, and picturesque floor-to-ceiling windows showcasing the neighborhood’s charm.The beautifully buffed and stained quarter-sawn oak flooring seamlessly flows throughout the living room, dining room, and bedrooms, creating a warm and inviting ambiance. Architectural arches between the living room and dining area, as well as the kitchen and breakfast nook, add character and continuity to the living spaces.The sunny kitchen is well-equipped with a newer dishwasher and range, and a side door provides convenient access to the driveway for easy grocery unloading. Each of the three bedrooms boasts ceiling fan lights and window coverings, ensuring ample natural light and privacy. The middle bedroom features an ensuite half bath, while the south bedroom opens to a private deck–a perfect retreat for relaxation.A centrally located full bath is situated off the hallway. The hallway presents a built-in linen closet and another closet that provides access to the basement, housing a new 40-gallon water heater.Behind a gated driveway a detached 2-car garage awaits, complete with a large storage area and adjoins the laundry room. The newly landscaped rear yard serves as a perfect haven to bask in the California sunshine, engage in gardening, exercise, or simply unwind after a busy day.Don’t miss your opportunity to make this home-sweet-home yours! Experience the charm, convenience, and tranquility that define this cozy haven in the sought after city of San Marino.

    Listed with Janice Lee | (626) 616-2789, Berkshire Hathaway HomeServices California Properties

    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/!

    $6,500 :: 699 S Santa Anita Avenue, San Marino CA, 91108

    Property Photo

    4 beds, 5 baths
    Home size: 2,486 sq ft
    Lot Size: 15,207 sq ft
    Added: 01/30/24, Last Updated: 02/13/24
    Property Type: Rental Properties
    MLS Number: AR24021576
    Community: San Marino
    Status: Sold

    North of Huntington Drive, an Award-winning San Marino school district with unique shops and fine dining restaurants. Gracious 15,000 S. F corner lot located on famous Lombardy Rd. This traditional stunning and inviting one-story home offers nearly 2,500 SF with 3 bedrooms, 5 baths, a gourmet kitchen, a 2 car garage, a Family room, a Living room, and a Library (Could be converted to 4th bedroom). This home features a spacious Living room with French doors that open to a large formal dining room adjacent to the kitchen. The ‘heart’ of the home is a spacious great room with an informal dining room that leads to a bay of windows. The kitchen is chef-ready with a center island and wrap-around counters. The residence, designed for privacy and gracious entertaining, has the feel of floor-to-ceiling windows and soaring ceilings throughout. The updated kitchen is bright and cheery with a bay window for enjoying morning coffee or an afternoon snack. Large master bedroom with luxurious bathroom and ample closet space. The spacious formal Dining Room, with French doors leading to the backyard patio, is perfect for overlooking views of the beautiful backyard. Step outside to a private manicured backyard, and an over-sized pool which makes it the perfect spot for entertaining guests or enjoying a night with family. A new roof has been replaced in 2015, New a/c duct through the house.

    Listed with Shiu Leung | 626-888-1828, Harvest Realty Development

    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/!