If the planters above looks familiar, they should. Three weeks after being withdrawn from the MLS 2505 Divisadero is listed once again. Gone, however, are 475 days on the market and $2,000,000 (16%) of the original list price (now asking $10,500,000).
And while we’d normally raise an eyebrow (or two) to the “refreshing” of a listing within 30 days of being withdrawn, keep in mind that it’s now listed with a new broker (albeit the same agent). Mark Allan Levinson has moved from Alain Pinel to Sotheby’s.
∙ Some Kind Of Monster In This Kind Of Market (2505 Divisadero) [SocketSite]
∙ A New New Policy Change For The MLS [SocketSite]
As for the re-listing within 30 days; I have no problem with that in this case. It’s possible that AP wasn’t willing to put the proper marketing investment into the property and Sotheby’s will do a much better job of representing this property at $10.5. I predict a sale. Rock on!
PS: I’m spolied now. I’m too lazy to look things up on MLS and you didn’t post the new link to SFARMLS.
I don’t see how one agency doing a bad job, or a broker switching agencies, is grounds to reset the DOM for a property. I don’t think that’ll be an issue for this particular property, as buyers will hopefully be well-represented and informed, but it would be an issue for your run of the mill property.
Anywhere we can report this blatant rule violation?
[Editor’s Note: As far as we know, it’s not a rule violation. New broker, new MLS number, nothing to report.]
How does switching brokers get rid of the 30 day rule? If you use a new broker, is that not considered “relisting”? If it’s the same house, how is taking it off the market and then putting it right back on not a relisting? I’m not arguing, just genuinely curious.
AFAIK, DOM is tied to the listing, which is tied to the agent/realtor office. I’m not sure there is even a way to change the DOM for a new listing?
Again, any broker dealing with $10M+ clients is going to be sophisticated enough to check prior history. The bigger issue is when this happens with lower priced inventory and the system is being ‘gamed’.
eddy
I notice RE Infolink is now doing (Days On Market) and CDOM Cumulative Days On Market.
M.R.
It’s baaaaack.. At 8.9 and a new agent
[Editor’s Note: Cheers: Kirk Hammett’s Pacific Heights Monster Is Back (2505 Divisadero).]