SAN MARINO LIVE MARKET UPDATE

Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell

Months of supply is a good indicator of whether a particular real estate market is favouring buyers or sellers.

It is currently a buyer’s market in San Marino 

LEARNING ABOUT SAN MARINO

San Marino is a residential city in Los Angeles County, California, United States. It was incorporated on April 25, 1913. With a median home price of $2,431,900, San Marino is one of the most expensive and exclusive communities in the United States. The 2010 United States Census reported that San Marino had a population of 13,147. The population density was 3,483.4 people per square mile (1,345.0/km²). The racial makeup of San Marino was 5,434 (41.3%) White (37.1% Non-Hispanic White), 55 (0.4%) African American, 5 (0.0%) Native American, 7,039 (53.5%) Asian, 2 (0.0%) Pacific Islander, 198 (1.5%) from other races, and 414 (3.1%) from two or more races. Hispanic or Latino of any race were 855 persons (6.5%).

There were 4,477 housing units at an average density of 1,186.2 per square mile (458.0/km²), of which 3,959 (91.4%) were owner-occupied, and 371 (8.6%) were occupied by renters. The homeowner vacancy rate was 0.5%; the rental vacancy rate was 6.5%; 11,834 people (90.0% of the population) lived in owner-occupied housing units and 1,232 people (9.4%) lived in rental housing units. According to the 2010 United States Census, San Marino had a median household income of $131,758, with 5.4% of the population living below the federal poverty line.

The San Marino Unified School District has been ranked as the top unified school district in the state of California for eighteen consecutive years, including 2018. Each of its public primary schools has also been honoured as a California Distinguished School and a National Blue Ribbon School.

There are four public schools in the San Marino Unified School District:

Valentine Elementary School

Carver Elementary School

Huntington Middle School

San Marino High School