Edgemont real estate

In the Sunday New York Times real estate section, I saw 11 Edgemont houses for sale. Here are the data on asking prices:

• Minimum: $829k
  
• Maximum: $2,239k
• Average (mean): $1,205k
• Median: $1,150k.

$829 k is the minimum?! Incredible. Two-thirds higher than four years ago.

Perhaps it is a biased sample (either because the selection of houses on the market this week is unusual or because only certain houses are advertised in the Times), or perhaps I've just not been keeping track of local real estate prices. And these are asking, not sale prices. But still.

Update: Are rumors of a real estate bubble exagerated? James Glassman thinks so. So does Alan Reynolds. Angry Bear thinks there is a housing bubble, but not one that will suddenly pop.