Let’s take some time out from the doom and gloom of the past week (OK, past year) and report some good news for a change. Redfin has just done a big software upgrade on its site, and the new additions are fabulous for anyone who’s buying or selling, or anyone who just wants to keep tabs on what’s going on in the market. (Isn’t that pretty much everybody?)
The best addition is the listing price history. It shows how the listing price has changed over time. This is a great indicator of market conditions and the seller’s level of motivation. For example, this listing, 603 N. Vista St., Los Angeles, came on the market Dec. 10 for $749,000 and was reduced to $699,000 on Jan. 8. Then, on Jan. 10, it went up to $749,000 again. Hmm!
Two other great additions are the Nearby Similar Listings and Nearby Recent Sales. This allows you to find out how a property stacks up pricewise to the one you’re looking at. And they’re all hyperlinked to the Redfin property listings.
Other amenities: a second market-value estimate (besides Zillow) from eppraisal.com; a detailed overhead view of the property outline; and links from the page to other local Redfin property blogs.
I’ve spent the past hour looking up every house I’ve ever owned or wondered about to find out what’s become of them. It’s addictive!
For the whole list of new features, here’s the post on the Redfin corporate blog from the president of Redfin.
Recent Redfin posts: