Wrong, but not in the long term, I think.

Just two days ago I advised a client to avoid a new listing at 32 Hettiefred Road, asking $2.5 million, because that section off King Street has traditionally been a slow-seller. Today it’s reported as pending after just four days. “Pending” suggests an all-cash deal, no inspections, which makes me suspect a desperate New Yorker has stepped up.

I could be entirely wrong, as I am about soo many things, but I’ll remain convinced that we’re watching a temporary phenomenon until a couple of years proves otherwise.

Hey, all I can offer clients is an honest opinion, based on experience and knowledge, and not tainted by a desire to move a house and gain a comission. I can be wrong, but I’d rather err in favor of helping avoid a loss, rather than missing out on an opportunity for gain. (What a self-serving statement, eh? Still …)

All that said, it’s a very decent house at just $2.5.