Median Price Of Marin County Home Pushed Over $1M
SAN RAFAEL (KCBS) -- The housing prices in Marin County keep heading north, while the inventory of homes keeps going south.
"Buyers are out there. The good stuff is selling for over asking price," Marty Wickenheiser with Bradley Real Estate told KCBS.
The median price of a home in Marin County rose nine percent between March of 2015 and March of this year, meaning that median cost is now over $1 million. Because there are fewer houses on the market, the prices stay high.
"The inventory problem is going to correct itself eventually, but it is true that there seems to be a shortage of quality homes that good ones go very, very quickly," Wickenheiser said.
Many homes in the Bay Area receive multiple offers, and despite the selling prices, many are paid for in cash.
