West Coast real-estate bubble?

Almost one-fourth (24.1 percent) of U.S. homes sold above the listing price last year, according to Zillow.com. The median price paid over list was $7000.

In San Diego, 32.1 percent sold above the listing price, for a median $10,100 above the asking level. But San Diego badly lagged many West Coast cities: in San Francisco, 64.5 percent of homes sold above the listing price, for a median of $41,000 above asking. In San Jose, 68.5 percent of homes sold above the asking price — a median $62,000 above list. More than half of Seattle homes went for a median bonus of $20,100 to the seller.

This is getting into bubble range. Will the wildfires bring these transactions back to Earth on the West Coast?