With supply of new listings being sluggish, and buyer demand overheating with historically low rates, people were saying earlier that prices are bound to go up. But will they, and if so, how fast?
Let this CV listing be a test.
The last sale of this model was in November, 2010, for $680,000 – and it was an interior location, but the upgrades were similar.
If this one sells closer to the bottom of the range, then the frenzy is in check. If it sells towards the top of the range (or over), then the market is on fire: