Quote:
Originally Posted by ranchlandsselling
Something I'm curious about - with the million plus home market being so strong, where are the mover uppers going?
Sell that place for $1.3, moving to a $1.8? $2.3? A lot of divorce and moving to two $800k places?
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I know of two examples of folks who sold their ~1.5M homes on the outskirts of town (highway 8 area in both cases) and bought new infills in the Kensington and West Hillhurst areas.
Gentrification has made the inner city communities very desirable for folks with money who were previously being driven out of town.