Slopes and Suds: Bend, Oregon, Charms as a Ski and Brewery MeccaWhy? The biggest cash drains are reportedly a $2.1 million sheriff’s contract, which has more than doubled in three years, as well as mandates to build 253 low-income housing units if city officials want to continue receiving government funds.
The median list price in Portola Valley was up 29.9% year over year in September compared with 0.2% for California and 1.5% nationally, adds Berner.“The number of homes for sale in Portola Valley has reached its highest level since the peak of the pandemic,” says Berner. Some people did indeed flee the city after Detroit’s bankruptcy. It’s only natural, since residents in this situation are often concerned about city services being reduced—and for good reason. For example, after the city of Back then, the median home price in Detroit was $101,800. Sale prices have climbed annually each year since then, reaching $217,100 in 2023. That’s an impressive 113.3% higher than the median sale price a decade earlier.