Because we don't have any major plots of land, lack of water has become a topic of conversation, the roads/freeways are maxed, as all of the infrastructure is, the weather is beautiful and mild, and more and more people are moving here - more people are moving in than housing can be built for - the upward trend will continue.
For the first quarter of 2006 sellers were receiving 99.88% of their asking price.
Q2 100.62% of the asking price
2007 Q1 99.70%; Q2 100.17%
If you look deeper into individual cities, those numbers will very more dramatically; however, overall the market is still continuing to climb.