(626) 629-8439

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

    $6,000 :: 1872 West Drive, San Marino CA, 91108

    Property Photo

    3 beds, 3 baths
    Home size: 1,866 sq ft
    Lot Size: 9,348 sq ft
    Added: 11/14/22, Last Updated: 12/02/22
    Property Type: Rental Properties
    MLS Number: P1-11972
    Community: San Marino
    Tract: Not Applicable
    Status: Sold

    Welcome to this classic single-level 1928 Spanish revival style home located in the heart of San Marino. This home offers 1,866 square feet of living space, including 3 bedrooms and 3 bathrooms. Sited on 9,348 square feet, the lot offers many ways to utilize its space, including a fantastic backyard, ideal for entertaining. Enter the home up a pebble-paved path alongside a landscaped walled courtyard and covered front porch. The welcoming entry leads to a step down formal living room with a high, beamed ceiling, large front metal paned window with medallion ornamentation, and a hammered copper detailed fireplace. All of the original oak hardwood floors have been newly finished. The dining room is well located adjacent to the kitchen off the main entry. The kitchen has generous cabinet space, wide countertops, and a window above the sink overlooking the backyard. The kitchen appliances are included in the sale, such as the dishwasher, refrigerator, and built-in microwave. Behind a set of doors within the kitchen area are the laundry units, also included in the sale. The hallway has lots of storage space, including a closet and cabinetry which was originally a built-in bookcase. Off the main hallway is a bathroom with original vintage tile pedestal sink. There are two en-suite bedrooms, both with access to the rear yard. The front bedroom has access through a door to the front courtyard. This bedroom also has plenty of cabinetry, drawers and closet space. The second bedroom has tile flooring and a stall shower. The primary suite offers generous closet space and a sitting area which could also serve as a home office space. The primary bathroom has tile flooring, a generously sized jacuzzi jetted tub, and large windows. The backyard offers great space to enjoy all the amenities of the pool, with plenty of room for entertainment outside of the pool area, including a deck and a large patio. There is an unfinished room at the rear of the property, which could also be used as a separate home office. Additional features include: Central A/C, fresh paint throughout the interior of the home, and a California basement. The home is in close proximity to Valentine Elementary School, Huntington Middle School, tennis courts, baseball fields, Girl Scout House, Crowell Public Library, and downtown San Marino where you can find Starbucks, San Marino Seafood, Tony’s Pizza, and more. Come and enjoy all that this beautiful home and neighborhood have to offer.

    Listed with Sarah Rogers | (626) 390-0511, The Agency

    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/!

    $2,000,000 :: 531 San Marino Avenue, San Marino CA, 91108

    Property Photo

    4 beds, 3 baths
    Home size: 2,904 sq ft
    Lot Size: 6,765 sq ft
    Added: 09/21/22, Last Updated: 11/25/22
    Property Type: Single Family
    MLS Number: P1-11370
    Community: San Marino
    Status: Sold

    This traditional Colonial home is located on a quiet, tree-lined street in highly sought after San Marino. In close proximity to Huntington Library and Cal Tech, the home offers a prominent street presence. The floor plan is well designed for today’s lifestyle. Upon entry the eye is drawn along the front hallway which acts as a gallery, the perfect place to display treasured paintings. It leads to the great room with two distinct areas for living and dining. The seating area centers around the fireplace with raised hearth, flanked by two windows with window seats. The dining area is flooded with natural light and can accommodate large gatherings. Adjacent is the classic white kitchen with a breakfast nook and ample cabinetry. The downstairs also features a lovely bedroom suite with dressing area and updated 3/4 bath. Privately situated off the entry with no steps, it is well suited as a guest or in-law suite or even a home office. Off the great room is a light filled sunroom/family room with a wall of glass. Running along the back of the house and opening onto the private backyard, it is generously sized and can accommodate two separate seating areas. The second floor features three light-filled bedrooms and two bathrooms. The primary suite has a dressing area with two mirrored closets, one is walk-in. There is a large bathroom with dual sinks, platform tub & separate shower. The upstairs laundry room has a wall of cabinets and a side-by-side washer & dryer. With a lovely location in the highly coveted city of San Marino, this property offers a classic home that could be upgraded and customized to suit your dreams. Let your imagination run wild with the possibilities!

    Listed with Nancy Valentine | (818) 259-4270, DPP

    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/!