Starting to happen here as well. My South Bay neighborhood: 8 months ago, a 1300 sqft 3 bed/2 bath sold for a staggering $2.4M. It’s still being renovated. Th

Starting to happen here as well. My South Bay neighborhood: 8 months ago, a 1300 sqft 3 bed/2 bath sold for a staggering $2.4M. It’s still being renovated. They almost tore the whole place down with only outer walls and roof standing. Last week, a 1500 sqft 4 bed/2 bath just a few houses down the road went under contract for $2M, after multiple price reductions.