The Aragon/Baywood real estate market has been the talk of the town for 2014, surging into new price ceilings with high demand and robust overbids. In the last month alone, two sales of $2,800,000+ have been recorded, 522 Nevada Avenue, listed at $2,750,000 and closed for $2,800,000, and the stratospheric new benchmark comp at 345 Aragon Boulevard listed at $2,398,000 and closing for $2,825,000. Both of these homes were 3,000+ sq. ft. remodeled floorplans with kitchen/family great rooms. But were they the "best" homes in the neighborhood? Yes, they were nice, but surely there are other larger, more luxurious, and perhaps newer homes out there in the neighborhood...and if this holds true, my prediction is that Spring/Summer 2015 will birth the $3,000,000 price point for such homes in Aragon/Baywood. For sellers, we are clearly riding a high crest in all of history for buyers willing to step up and pay top dollar for your home. For buyers, this wave is not exhausted, meaning what you buy now stands a strong chance of continuing to appreciate in coming years in a low supply/high demand marketplace. $2.4-$2.6 has become commonplace. $2.8 establishes the new price ceiling. For 2015, bring on the three millions.