Shady Relists

Comments

• kpom

  February 2008

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

  February 2008

  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

  February 2008

  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

  February 2008

  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

  February 2008

  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.

  
  It's not just Redfin. If you go to other sites (ex. John L Scott), these re-lists will show as 'New Listings'.
  
  I've gotta believe RE search sites would list CDOM if the NWMLS let them.
• laxtosnoco

  February 2008

  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

  February 2008

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

  March 2008

  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