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Houses in our neighborhood are selling like mad. The entire are is nuts. We live in a 2 square block area. 2 or 3 open houses every weekend, sold signs by Tuesday. Multiple offers, bidding wars on every property. Prices have just about doubled in the 5.5 years since we bought. Selling for 100+K over asking without any subjects.
Sure, its great if you are moving out of the area. Not really of any value if you want to stay where you are. If this was to happen 10 years from now I would sell in an instant and head off to my retirement home... I am still tempted to downsize as we don't need the size of home we currently have. Buy a townhouse around the corner that is big enough and purchase 2 rental condos 2 miles away with the balance...
Cheers
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