Here’s another example in L.A. County. And why would they bother to increase the price by $1,000?

936 SHELDON STREET, El Segundo, CA 90245**
Price Reduced: 07/11/06 — $919,000 to $909,000
Price Reduced: 07/19/06 — $909,000 to $899,000
Price Reduced: 08/08/06 — $899,000 to $889,000
Price Reduced: 09/12/06 — $889,000 to $869,000
Price Increased: 09/19/06 — $869,000 to $870,000

Square Feet: 2,412
Lot Size: 5,360 Sq. Ft.
Year Built: 1962
Listing Date: 05/29/06
On Market: 113 days
MLS #: S926016