pleaaaaaaaaaase. if it were a shitty area then i'd have a house by now.. :hmm:
Yeah, unlikely. Find the reason why the market is such a hot bed, either there is a good reason the prices are sky high (recent development, plans for new development nearby, etc) or there is a
seemingly good reason and the market is artificially high right now.
If you are making offers within a few days OVER the asking price and regularly finding it not enough then something is wrong with the market. and if the market can sustain that sort of thing, i'd be looking at why and how.
could be good reasons for everything, but just seems like that area is going to be artificially higher priced than what it should be due to unimportant factors. Waste of money unless one of the external factors matters big time for you.