One day, one pending deal

21 Winthrop Drive, Riverside, $4.825 million. From listing to pending – contracts signed, no contingencies — in one day is … quick.

The sellers bought it for $4.312 when it was new in 2014 and so far as I can tell, made no significant improvements. So much for the traditional depreciation on new construction

We’re either in a new paradigm or in the greatest bubble since the Dutch were spculating in tulips; I guess we’ll find out which down the road.