Santa Barbara and Ventura Counties in California. Craziness.
For a while (about a year or so ago) people would put their homes on the market with no asking price. Buyers would simply start making offers. Insanely high offers.
My brother just bought a 1400 sq ft home for $615k. Little strip of grass in the back and smaller in the front.
The good news is that if and when they sell this, they will be able to afford something real nice somewhere else.
-Aude.