Friday, January 11, 2008

Crazy MLS Ads #1

There's a bunch of crazy things that show up in a MLS that's as bloated with excess inventory as ours is lately. From time to time I'll mention the ones that really make me scratch my head. Starting with....

2500 SF single family home at Cave Creek Road & Deer Valley for $270,000. It says, "Last Appraisal was $459k - done in January"

I'm scratching my head, dropping my jaw and saying, "January when? 2005?" The last three homes with the exact same floorplan sold in Oct & Nov went for $350,000. Sure, the $270,000 list price seems like a bargain, but claiming it appraised for $100,000 more than anybody else's is a bit much.