Comments on: The Subcompact Hybrid: Good Choice for Parking in Rossmoyne

By: SGV Watcher

SGV Watcher — Wed, 08 Oct 2008 06:15:16 +0000

Thanks for the clarification and the tips, Cindy & Elise. It is annoying but I guess we can’t knock them for trying to hustle in such a bad market.

By: Elise Kalfayan

Elise Kalfayan — Tue, 07 Oct 2008 18:58:59 +0000

Thanks, Cindy, for answering.

SGV: if you keep all your Redfin email updates, you can spot activity like this by searching for the address. Agents’ moves like this aren’t easy to track by viewing the MLS on any one day, but the email trail will get you there!

By: Cindy Allen

Cindy Allen — Tue, 07 Oct 2008 15:02:47 +0000

Hi, SGV: I’ll butt in and answer this question. Redfin gets its listings directly from the local MLSs, so it’s subject to whatever each MLS does. Canceling and relisting homes is called “refreshing” the listing in agentspeak, and agents do it because people think that if a house has been on the market too long, there is something wrong with it. It’s annoying, but you can understand why agents do it. Hope that helps. –Cindy Allen, LA Blog Editor

By: SGV Watcher

SGV Watcher — Tue, 07 Oct 2008 03:48:09 +0000

Hi Elise, enjoy the blog!

Just a quick question, is it considered an unethical practice by Redfin for agents to list a home, pull it off completely, and re-list it as a brand new listing?

I have noticed this on Redfin and I think its a bit misleading because it fudges the “Days on market” & “reduced price” statistics. One case that really caught my eye was 1124 Hope in South Pasadena. Originally listed @ 1.2M, this thing was on the market for a loooong time. The agent recently pulled the listing and published it as a brand new listing for $898,000.

In my opinion, this behavior should be checked on Redfin.