You live too far north.
I know, but what can I do?
That's zero, nada, zip in property changing hands. Second homes just aren't in the cards when the sellers are remembering what things were going for during the boom years, and clinging to the illusion that property's still going to be able to bring that in.
It's pretty much the same thing here. The only property that's going up is in San Francisco, and that's somewhat unique. The younger, well paid Google/Apple/Sili-Valley crowd want to live in the City. (Google runs it's own bus service (free) for their employees from the City down to their workplace.) As a result property values in certain "hip" areas of the City have increased significantly.
Seeping pumpkins = step one in pumpkin pie from scratch for the holidays. I'm still can't seem to grasp that we're past the middle of October, already.
Now that we have all the grapes picked, I think I'm getting there. Time flies.