You may be right. As much as I agree that we are in the midst of a housing bubble in the process of collapsing like most others here, it is possible that the escalated prices has affected perspective. Part of my reaction was that I was surprised that it was not priced higher. It is much nicer than the pictures on ZipRealty. Of course, in the midst of a 20-30% overall decline, this would also drop. Another 100k? Yea, that’s probably pretty fair. But that would make it currently only 10% overpriced, versus 20-30% for most. I think those townhouses are 30-40% over.
