Updated: Jan 23
Per Board of Directors decision, SCCMLS is standardizing pricing across the lease category in an effort to increase data fidelity. The standard, both for listing entry and searching within the lease category, is Price per Sqft per YEAR, or Price per Acre per YEAR.
This applies whether your listing is available for a set price or a range.
Standardizing on annual pricing per (sqft or acre) holds many benefits for both current and future use:
cohesive pricing environment in the lease category
consistent search results for your criteria
ability to closely track data that has been un-tracked, in order to make use of statistics tools
consistent language within MLS
HOW TO INPUT A LEASE PRICE FOR A NEW LISTING
When you enter a listing into the lease category, your price fields will display as seen below: High Price and Low Price. Having both fields enables range pricing, which is crucial to many members. If your listing is a fixed price, simply enter the same value in both fields.
Enter your annual cost per square foot (or acre).
If you previously used a pricing calculation based on something other than price per (sqft or acre) per year, i.e. monthly, remember that outside of MLS and (of course!) in conversations with clients, you can do the quick math to utilize any pricing model you prefer!
*IMPORTANT NOTE! This standardized pricing model does NOT affect the Sale category! While that category displays price per sqft/acre on the detail report, it is only to show the calculation of the Current (Sale) Price/Building Area Total.
HOW TO EDIT AN EXISTING LISTING FROM MONTHLY TO ANNUAL PRICING
If you have an existing listing that is priced monthly, follow the steps below to update it to annual pricing.
Click "My Listings" in the Flex Menu
Click the drop down arrow to access the "Edit Listing" option
Click "Change Price" in the upper right corner of the listing maintenance screen.
Enter the annual price per square foot (or acre)