Here is how I read the current asking side.
When you are trying to judge San Gabriel, CA, the asking side matters as much as the closing side. Last month, the typical list price was $1,288,000, and that is the number I would use first when setting expectations.
Last month, the typical list price in San Gabriel, CA was $1,288,000. I pay attention to that figure because it frames what sellers are asking before buyers ever start comparing options.
I would not ignore the fact that the typical estimate of property value was $1,065,370 last month while the typical list price sat higher. That gap tells me buyers should stay disciplined, and sellers should know the market is asking for a strong opening position.
My first move is to compare the asking price to recent closes. Then I would look closely at homes that sit above the typical estimate of value. If you are selling, I would use the stronger asking side to justify a clean presentation and a clear number.
