We appear to have been so low so long that I’ve forgotten.
But yes, I guess that does seem right. I remember looking at SFRs by the beach in HB and thinking $1.4 million buys a home with bleeping gerbil chew marks on the doors in the kids bedrooms?
OMG, I’m looking at prices today and thinking they’re insane, but… wow. Yep, not the house, but something similar, sold $1.4 in 2006, closed for $850K in 2011.