The old fable about the tortoise and the hare conveys one lesson, among others: Sure and steady wins the day.
We had that in mind watching a Village townhome sale close this week.
At 5 Malaga Place (3br/3ba, 2065 sqft.), the first attempt to sell came 51 weeks ago, in a listing launched June 20, 2014.
The start price: $1.450M.
At the time, there were precious few recent sales of 3br townhomes in the Village near or over $1.4M. Maybe they were pushing it a bit?
There were 2 higher sales that were very recent just before the listing launched: A super-darling remodel at 16 Dover Pl. (3br/3ba, 2050 sqft.) at $1.555M in April 2014, and the golf-course-fronting 24 Fairway Dr. (3br/3ba, 2045 sqft.) which sold off-market at $1.650M.
So 5 Malaga was going to……