In Jersey its getting ridiculous. My sister bought a POS house, 3 bedrooms, 1 bath, that is 50 years old for 320,000.
The house across the street, which is newer and bigger, sold for 675,000. When I say bigger I mean like 4 bedrooms and 2.5 baths.
Bergen County for ya.
OOPS forgot to stay on topic, Congrats on the house. It looks like its moving along nicely.