Meanwhile, a 4,826 sq/ft house in Los Altos Hills sold for almost $2 million above asking (~35%) after 16 initial bids and a bidding war among 3 of those bidders.
https://www.redfin.com/CA/Los-Altos-Hills/25680-Elena-Rd-940...
https://www.mercurynews.com/2021/12/02/even-less-affordable-...