Zoopla price history

xomej

At the bottom of Zoopla pages and under 'Price history' at the bottom of the page it shows when a listed property has increased or decreased in price. Usually, you see prices declining once in a while if it hasn't sold, and on occasion increasing. From what I've seen, this is usually in £10,000 to £20,000 bands.

I came across a property that started at £450,000, reduced to £375,000, back up to £450,000, and then in the same day reduced again to £375,000 and back up to £450,000.

I'm curious why this is. Could it be a mistake on Zoopla's part? I haven't seen it on any other property. Is the vendor/estate agent trying to game something? Something else?

Slithery

Any valuation is a mistake on Zoopla's part (they aren't surveyors).

Ignore completely.

xomej

I'm not talking about the valuations! At the bottom of the page it shows the changes in the list price, i.e. what the vendor/estate agent has put the property on the market for and how they've changed this price.

Blackbeard_of_Perranporth

Question. How much are you prepared to pay for said shack?

Answer. That is how much it is worth.

In essence, other figure are as much use as chocolate fireguard.

xomej

I'm not interested in this property. I'm just curious about why this is the case.

Davesnave

Possibly to get the house re-listed in daily email shots, which is what happens with Rightmove when a property changes price significantly.

eddddy

As Davesnave says, it could be an attempt by an EA to manipulate Rightmove's algorithms - changing the price temporarily to get the property promoted in some way.


Or it could simply be that the EA admin person was having a bad day, and repeatedly typing in the wrong price on Rightmove.


(Zoopla's price gathering is automated - I'd suspect this is more likely due to human intervention, or human error on Rightmove.)

hazyjo

Davesnave is right, I'm sure. My last EA did the same (I think upped it and dropped it though rather than the other way round) to get it to appear in people's 'newly listed' alerts. We'd not dropped the price enough for it to appear as 'recently reduced' so he had to force it to appear manually.