Shady Relists

[laxtosnoco]

Tim wrote a post today about "shady re-listing". Since I think this is more common that Realtors like to admit, I'm going to start a thread with what appear to be shady re-listings.

I'll start with one that I've been tracking. It's an REO that I posted earlier under Equity/comp killers:
http://www.redfin.com/stingray/do/print ... id=1494348

It just popped up again with a new DOM of 1 day.
MLS: 28029985
4811 Seahurst Ave
Everett, WA 98203
current price=$299k

The original listing was up about 30 days with a price of $319k.

Anyone else have any examples?

[kpom]

Depends what constitutes a legitimate relist - the price did drop appreciably (i.e. not $1K).

[laxtosnoco]

That's a valid point. I don't know what the NWMLS threshold for price drops is.

This is a pretty common occurrence, so I've got another example handy:
http://www.redfin.com/stingray/do/print ... id=1474522
MLS#: 28025751
4620 College Ave Everett, WA 98203
Price: 285,950
DOM = 9 days

This one fell off the market for 1-2 weeks, then came on as 'New' at the exact same previous price.

[Greg Perry]

One of the problems with the Rfin site is that it only picks up the current market period. I think it's more misleading than no days on market.

This has a CDOM of 89 days. It should not have been relisted.

[pumpkin]

OK, I'll play -- could be a good kathartic exercise. The problem is that I'm not sure what the original prices were for most of these; I just can't keep it all in my head after deciding I'm not interested in the house. Any agent on this forum would have access to the full data, though.

1. My husband wants us to buy this house, but I know that it is too high and the price has not moved since they first tried selling it:

http://www.redfin.com/stingray/do/print ... id=1444195
4209 NE 70th St
Seattle, WA 98115

I really, really like this house (except that it's on 70th), but I know that it is a "relist" and that they have not budged on the price since at least October, if not earlier.

2. 14 days? yeah, right, I was at the open house late last spring. To be fair, they have dropped the price, oh so slowly:

http://www.redfin.com/stingray/do/print ... id=1461512
551 NE 84th St
Seattle, WA 98115

3. another favorite, right next to the gas station on 5th Ave, it was on the market when we first moved to the neighborhood in Aug '06. To be fair, they too have been lowering the price:

http://www.redfin.com/stingray/do/print ... id=1382986
8516 5th Ave NE
Seattle, WA 98115


4. we discussed this one on the audacious flips thread a long time ago -- yes, it's still on the market:

http://www.redfin.com/stingray/do/print ... id=1328146
838 86th St
Seattle, WA 98115

5. and finally, I saw this house with my agent back in August -- it's a really strange house, too:

http://www.redfin.com/stingray/do/print ... id=1417647
209 NW 46th St
Seattle, WA 98107

[laxtosnoco]

[laxtosnoco]

Here's another Shady re-list. Not sure what the original price was, but there's been at least one small price drop. Shows new on market today.

http://www.redfin.com/stingray/do/print ... id=1501292

MLS: 28031626
1420 Grand Ave
Everett, WA 98201
Price: $799,950

[pumpkin]

Wow, $799K and the agent couldn't be bothered to spell-check the marketing description. Nice -- well earned 3% (or whatever it is).

[laxtosnoco]

Another shady re-list: same agent, same price, "new listing."

http://www.redfin.com/stingray/do/print ... id=1520333
MLS: 28035288
1311 Oakes Ave
Everett, WA 98201
Price: $279,900