Parts of SoCal are also en fuego these days. (I mean property values, not the forests. Well mostly.)
Even my little place is now north of $1M, and while it's a solid little house in a great area, it sure ain't no mansion. And I bought before the big housing crash, so it's apparently recovered all the lost value, plus a hefty increase.
People are making crazy offers, and a lot of them are all-cash offers from foreign buyers (Chinese & Korean). This must be some kind of record for fastest re-inflation of a bubble?