A quick price cut produced quick, and good results

14 Pinecroft Road hit the market February 24 at $5.795, and when listing agent Martha Jeffrey cut its price to $5.450 a week later I applauded her swift reaction to market signals rather than wait, as some buyers and agents do, for “the right buyer” to show up (they rarely do, and the listing merely grows stale instead.) A contract followed the cut almost immediately, and it closed yesterday at $5.5 million. That Martha’s a shrewd character, eh?