re-listing

Found 55 blog entries about re-listing.

Now and then throughout the year, you'll see a listing pop up as "new," and you'll know that it just ain't so.

MBC readers are, by and large, the types who pay attention. So we know you have that reaction.

Now, here on the site, we've added a nifty new feature to MB Confidential that will help you see the truth through bogus re-lists. If your instinct says, "That's not new," you can easily check it out.

As you see in the image above, we now display the "Combined DOM" right under the standard Days on Market figure for every listing. (We highlighted it in blue here to make it stand out; normally it's plain text.)

Even when a seller and agent pull a bogus re-list, you'll be able to see the true Days on Market here. (In a bogus re-list, the…

Here's hoping you had a bit of time away to refresh and recharge this Summer.

Maybe you checked in only occasionally on events in Manhattan Beach real estate in the meantime. Worry not! We've got you covered in this summary of posts from the past couple of months:

Inventory Trends

It was up, higher than we've seen in years, then inventory was down. 

High point: 141 in mid-July.

Low point: Now. 110 on the last day of August.

See: "Wow, 141" and "Absorption – In Summer? (Big Time)"

Where the Sales Were – and Weren't

Summer began as one normally might expect, with a languid pace of sales, and more listings than the market could handle. But as evidenced by the sharp drop in inventory over Summer, the pace picked up quite a bit. 

So…

Listings are running longer these days in Manhattan Beach. Even prime properties seem to linger for a few weeks before offers come in. 

Plus, it's Summer now, a time when it often feels like nothing is happening in local real estate.

What is happening a lot now is that sellers are having their properties re-listed to "refresh" them... to knock down those public "Days on Market" numbers and, achem, re-introduce the property to the market.

Here at MBC, we've said our piece on the subject. We don't like it.

Out of 133 active listings late Monday, we counted 20 listings that have re-listed with the same agent at some point: 15% of active inventory.

(Is 15% a lot? Discuss.)

Possible mitigating factor: Some listings may have changed…

Twice on Friday, we've seen inventory hit 141 homes for sale in Manhattan Beach.

There were 11 new listings within 24 hours, or 7 if you don't count the re-lists. (You don't, do you?)

205 Anderson Street Manhattan Beach CAA spacious Hill Section Cape Cod with some views at 205 Anderson (5br/6ba, 6300 sqft., $8.300M) was the first to push MB to 141.

After one listing went into escrow, it took another Hill Section listing to push us back to this new high: 1033 8th (4br/4ba, 3600 sqft., $3.599M). That one had been out for a couple of weeks in May, but paused for a while then re-listed.

All of this is going on in July, not really a time when people would typically plan to start a listing.

How much is being held back for Labor Day? Stay tuned.

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