Marin's median hits record $1.125MM

The Marin IJ reports a new record median home price of $1,125,000 for June. Our numbers tally the median price at $1,155,000. Nevertheless, this is the third consecutive month Marin's median surpassed the $1MM mark.

> From the Marin IJ...

After falling back into the stratosphere in May, Marin's real estate market shot through the ozone layer in June.

The median price for a detached home in Marin County hit a record $1,125,000 last month, up 16 percent from June 2006, according to figures released Wednesday by DataQuick Information Systems, an industry research firm. The median is the point at which half the homes cost more and half cost less.

It was the second time Marin crossed the $1 million threshold. In April, the county's median single-family home price hit $1,010,000 - the first time any California county broke the seven-figure barrier - before slipping back to $925,000 in May. Read More >>