A lot has changed since February/09.  It is amazing to me how many people I've recently met, who perceive that the Westside real estate market is still on a downward trend (a 6 month old perception).  I was involved in a multiple offer situation the other night, with my first time buyer.  We looked at all the comparable sales, and felt the property was very sharply priced.  When we were informed that there would be other offers, we increased the offer price by a respectable amount.  At the end of the day, there were 8 offers, and the winning offer was $42,000 over the list price, without conditions.  This property was just one of those that appealed to many.  Does this mean prices are heading up?  I feel that prices will continue to bump around for the rest of the year.  We are experiencing an active spring market, and things may level off in the summer - or not.