You don't hear us talk much about "bogus re-lists" these days. Under the New Order (Mr. MLS), as of Feb. 4, the practice of "churning" – canceling a listing and "refreshing" it with a new MLS # – is officially frowned upon. Most listing agents are complying.
But a few have tried. Before it went into escrow, the lot…
You don't hear us talk much about "bogus re-lists" these days. Under the New Order
(Mr. MLS), as of Feb. 4, the practice of "churning" – canceling a listing and "refreshing" it with a new MLS # – is officially frowned upon. Most listing agents are complying.
But a few have tried. Before it went into escrow, the lot sale at 3216 Alma
canceled and refreshed with a price drop of $150k.
More recently, in early February – after the Mr. MLS merger – 3009 Poinsettia (pictured)
, another lot sale, canceled. It was gone for about a month before coming back this week with a new price ($1.239m
, down from the start price of $1.399m).
Initially the listing was "new," but within days it suddenly had the old MLS # again (S959766). Look it up now and you see 77 DOM.
We're assuming that the listing was corrected by Mr. MLS, which has a terse violation letter that includes this passage:
Members should not try to confuse the market place and skew the market statistics by canceling and then re-entering the same property as a new listing into the system. It is misleading, skews the statistics and makes CMAs cumbersome and often incorrect.
Click here for the full Mr. MLS "churning" violation letter
A newer attempt at "churning" is at 1413 Pine (pictured)
. It started Jan. 9 at $1.759m, took a cut to $1.699m and lingered for just less than 2 months in total, using MLS # 960389. It came back Thursday with a new MLS # (S08034009) and a fresh DOM clock to match a new price, $1.659m
The property is getting new carpeting to replace that ghastly light-blue stuff, but that doesn't make it a new listing.
Here's guessing that Mr. MLS will shortly come down on the listing agent, and that we'll soon see the home's true DOM (58 as we write) when using search tools that display DOM.
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 26th, 2023 at 4:30am 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.