Marin median home price hits $1MM mark

Somewhere out there, there's a world where housing prices are flaccid, real estate is rotting on the market and homeowners are watching equity evaporate like the morning dew. And then there is the alternate universe that is Marin County.

The median price of a single-family home in Marin was $1,010,000 in April - breaking the $1 million barrier for the first time and shattering the previous record of $973,000 in April 2006, according to DataQuick Information Systems, a La Jolla-based research firm.

Marin is the first county in California to pass the $1 million single-family home median - the point at which half the homes sold for more money and half for less. In addition, Marin was the only county in the Bay Area where sales of detached homes increased from April 2006 to April 2007. Marin home-owners sold 254 detached houses last month, up from 250 the previous April - while the overall nine-county Bay Area posted a 20 percent decline. "It's a world unto itself," said DataQuick analyst John Karevoll. "Marin dances to its own tune. It always has." Read More >> [Marin IJ]