Was there a bidding war? I've been indirectly involved in some home buying recently. It's fucking crazy what these people from California, are willing to pay for a home.
Yeah the housing market is nuts. People are overpaying so much for houses right now, and its not just limited to the City. The entire Portland-Metro housing market is exploding right now.
I love that folks gotta pay to be close to they offices. Let's me go where I want to live for my lifestyle and not pay big dollars. My house in SE or NE with walking proximity to restaurants I love would be 2-3 times more than I paid, shittier wine (and cocktails) and food and twice the price.
I'm not kidding. Had a meal at a restaurant in town here in "the country". Had the exact meal in Portland a week ago. Literally the exact same description on the menu. Food was higher quality, drink was higher quality and twice as strong. Price per person was 60% of that in the Metro.