Right now, the competition for properties is fierce. But the bubble has to pop eventually — right?

The Philly real estate market is hotter than ever. Illustration by Brooks Robinson

So, how out-of-control is the real estate market hereabouts right now?

The following two tales might clue you in.

The first comes from Cherise Wynne, team lead of the Wynne Group at Compass Real Estate, who was helping a woman who had moved here from New York land a house she had her eye on in Germantown. The house, a freestanding structure that complemented the twins to its west, was on a street one block from Cliveden. It had received several upgrades, including a new kitchen, primary bath and sunroom, and was in great shape — at least, on the inside. “The…

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