I don’t pay any attention to the VRM, when I search for a house, I search by size, bedrooms, location, etc., in this market, price listed means nothing, especially when the property has been listed for a long time. How about this: I recently ran accross this listing, MLS# S443675 with a value range of $899,500 – $1,169,500…$270,000 difference! Obviously trying to draw in people who have a budget in mind and “won’t go above $900,000.” I doubt they would actually sell at $899,500, but it’s all about getting buyers to come look. This is also a newer house, I bet the taxes and Mello-roos are sky high.
