If you take a chance to read the Manhattan Beach Market Updates, you'll see MBC is trying to not let sellers hide their real Days on Market (DOM) or original list prices.
An example today – hardly the worst offender, just the newest: 2612 Poinsettia.
This is new construction in the Tree Section rather close to…
If you take a chance to read the Manhattan Beach Market Updates
, you'll see MBC is trying to not let sellers hide their real Days on Market (DOM) or original list prices.
An example today – hardly the worst offender, just the newest: 2612 Poinsettia
This is new construction in the Tree Section rather close to Ardmore. It first went up for sale Sept. 5, 2006, at $2.399m. It lingered, went off the MLS for a while (holiday break) and came back at $2.375m in February.
Your average internet-browsing buyer didn't know about the (token) price drop, or how long the house had lingered previously. That's relevant information if you are considering buying.
Today 2612 Poinsettia is back again, just like new, at $2.350m. It sports a brand-new MLS # – S944409 replacing S941755.
Look it up today, and you'll see 1 DOM.
Actual DOM: 210.
Consumers need the truth – buyers and market watchers alike. Relisting hides
Slapping a new MLS number on the listing simply adds a layer of willful deception. (The listing agency is RE/MAX Beach Cities, but let's not pretend they're the only ones who do this.)
If you're a serious buyer, you might not get the wool pulled over your eyes. Your Realtor will have access to more complete data on properties than is found on most publicly accessible MLS searches. (Why should that be so?
There's a field Realtors can see in their systems labeled "CDOM" right next to "DOM," signifying "COMBINED Days on Market." The mere existence of that data field tells you right away that the practice of bogus relistings is entrenched.
Not everyone who is watching or considering buying in this market will have that resource. So MBC will do whatever's possible to call out the offenders in our little corner of the woods.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 29th, 2023 at 10:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.