Median Home Price in Marin Tops $1,000,000!

Thanks Beej Jorgensen for this photo.

People say that the market is sliding? Check out this article in the Marin Independent Journal. The median single family residence in Marin just broke $1,000,000 for the first time in history.

This means that more then half of the inventory that sold was over $1,000,000. Marin is now the first county in California to surpass $1,000,000 detached single family residence median home price. Looks like some counties are on the rise, while others are struggling. Even condos in Marin zoomed upwards with double digit gains, while other counties saw losses.

I believe we are now seeing a true buying opportunity for many different Bay Area neighborhoods. Rates are still historically very low and the general market consensus seems to be changing from downward trending to a more normalized market. In fact, I am sure that many buyers in Marin are being priced out of the market by rising interest rates and rising median home prices.