Big price, quick sale

70 Bacchus Mead Lane

70 Zaccheus Mead Lane hit the market seven days ago at $5.495 million and already has a pending deal (once you get above $5 million, mortgage contingencies are usually not needed).

I've been showing houses in the $5s, and comp-for-comp, this one looks like one of the better deals in that price range. And it's good news for those of us with high-end customers, because any activity in the high end gives at least some assurance that they won't be buying into a completely dead market.