Zoom meeting (of the minds)

Palmer Terrace

23 Palmer Terrace, that short dead end off of Summit in Riverside, listed at $2.495 13 days ago and is already under contract. Nice house, yard, and street, so no surprise that it found a buyer, although a buyer appearing so quickly is always nice. The sellers paid $2.930 in 2004, but that was immediately after this 1873 home had been completely renovated, and 16 years of living may have taken the bloom off the rose.

And besides, the listing agent Helen Maher is both wise and good, and may well have priced this with an eye to stirring up a bidding war. I don’t know that that blessed event (blessed for sellers — I always encourage, strongly, my buyer clients to decline the opportunity to join in these mud fights) occurred here, but the timing between listing and executed contracts (figure at least a week of that for lawyering and house inspections) suggests that it may have.

Regardless, it provides further evidence that the spring market, while delayed by Kung Flu, has come to life.