I’m also of the opinion that this is definately a SoCal (if not West/East/National) phenomenon. While San Diego has its own unique style of ‘bubble’, its not that far away, and is undoubtedly the forerunner of how things will pan out here in LaLaLand.
I’m keeping an eye on a lot of different SHRs in quite a wide area of Westside/Topanga/South SF Valley and am starting to see quite a few reductions.
Still, i get a giggle out of stuff, like this little beauty:
built – 1902
900 sq ft
1900 ft lot
LP – $949K
DOM 2