Marin County Real Estate Breaks New Ground
Defying national and statewide trends, the Marin County real estate market posted strong numbers in both sales and prices of homes sold in April 2007. As reported in the Marin Independent Journal (“IJ”), homes sold last month for a median price of $1,010,000 according to figures compiled by DataQuick Information Systems-the first county in California to have a median price of $1 million plus.
Overall, home prices in Marin rose 3.8% between April 2006 and April 2007. In addition, Marin is the only County in the Bay Area to experience an increase in the number of homes sold year over year (albeit by just 4 homes)-meanwhile, the Bay Area overall saw a 20% decrease. As noted by a DataQuick analyst, “Marin dances to its own tune. It always has.”
For last month’s analyses, go to: Marin County Real Estate Inventory (Market Report), Marin County Real Estate Update (Homes For Sale & Price Ranges)