Interesting pricing decision

17 Hendrie Avenue is new to the market today at $3.575 million. That seems like a decent price for this house, which was built by Nick Barile — good builder — in 2005, but I’m surprised that the owner positioned it so “reasonably”, given its strong price history.

Nick sold it new in 2005 for $3.3 million, and that buyer put in a pool and resold it in 2007, 34 DOM, for $3.775. It sold again in 2014, 10 DOM, for $4.1.

So I’d have expected to see it this time at around that $4.1 figure, not discounted by $525,000. There’s nothing wrong with pricing a house to sell it; in fact, I recommend it, but owners usually don’t, at least for the first few months before reality sets in.

Is this a reflection of current market conditions or just a desire of the owners to get through the sales process and move on? I certainly have no idea, but I’m curious to see what develops.