Think Someone Made a HUGE Mistake in MLS

Hi Joan,

I haven't had this happen yet!  YIKES!  OPPS is right. Happy Friday!

Hi Joan- now that's a huge OOPS moment!!!!   

Hi Joan:

I see lots of errors like this when looking at the MLS especially for my monthly market reports. There's lots of carelessness out there and it doesn't always get caught by the MLS. 

Jeff

I have also seen homes go on market for $25,000 where they forgot the extra 0. It can be corrected but some agents just let it go

A good MLS maintenance person should be able to override the incorrect pricing, otherwise it can really skew the stats later.

Manhattan doesn't have an MLS- and it's a free for all on battle for the listing systems dominance. While $7m doesn't stand out in Manhattan, it does set records in my concentration of northern Manhattan properties. We just had a new record set above $7 million for a townhouse up here- and it was the sale of Neil Patrick Harris' townhouse. I can also remember we had the former estate of James Bailey (the Bailey in the Barnum & Bailey circus fame- though P.T. Barnum far outshone his partner) listed back right before everything crashed in 2008. It was initially listed for $10 million, and ultimately sold for $1.4m in an all cash sale- an 86% discount. The house has since had tremendous investment into it- and has been since used for TV filming but is mostly used as a primary residence. 

That's a big ZERO!  Yes, the history of a listing doesn't go away and unfortunately, the spin on that kind of error doesn't stop either! 

It was good of you to call and let him know... too bad he couldn't have called you back to thank you!

Some mistakes follow you ... and others are easily corrected and forgotten quickly.