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DS,
Thanks for the answers. What a relief to know that Aussies drink cold beer! I don't mind room temperature ale, but I loath to contemplate the taste of a warm Heiferweizen.
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My six saved searches in ZipRealty (covering Cupertino, Los Altos and Saratoga) are up an average of 15% since Dec 31. A realtor friend of mine had said that her agency was asking people to wait for at least a week after the new year, to avoid the dead season. In spite of this, some sellers seem to be jumping the gun already.
The majority of the listings show a reduction in "zestimate" from the peak which appears to have occured around mid-2006. I haven't spotted too many FB's yet - most of these are folks who bought and owned for a few years, although there are a few "extensively remodeled" flipjobs in the mix.
Asking prices seem a shade (sometimes even as much as a smidgen) lower than comparable asking prices last year - still obscenely overpriced, though.
SP
#housing