Unless we start getting our water from the ocean we probably won’t be stretching that much farther east.
Then too, there’s the freeway situation.
As for the upper end, I think the luxury home market is skewing those numbers up. They never did slow down that much on the development of the home in the $3mil+ ranges, even though the sales volumes dropped. It’s been a while since last I looked, but we did have a 2+ year supply of standing inventory at that time and I’d imagine those numbers have probably gone up.
Given the overall sales volumes, it doesn’t take that many additional $3mil listings to skew the listing price median up.
