Welcome to California real estate in Silicon Valley.

The ranch-style house in Sunnyvale that sold for $2.47 million, about $800,000 over asking price, in a bidding war. (Keller Williams Realty)

As I said when I first moved out here, I always wanted to live in a million dollar home.  I just never thought it would look like this.

This seems to rank up there with the $450 million Da Vinci art work that sold.

There is a lot of cash out there.