Good site. Thanks, w_a_d. I hadn’t seen it before.
I like your creative and clever explanation of the increase in per square foot price.
I looked up my own neck of the woods here in coastal OC (Costa Mesa), and saw prices per square foot also higher than last year. We can see the inventory going up, and read the rising credit and foreclosure problems, and (a very few) drops in listing prices. But that’s about it so far. Like PD says, it’ll take another few months to start seeing a statistically verifiable drop. I’ll hold onto my Champagne bottle until then!
