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Where are the Insider Closing Costs for 1st Qt 09?

Started by paulaf10
over 16 years ago
Posts: 1
Member since: Aug 2008
Discussion about
Has anyone noticed a suspicious drop-off in the number of "sold" prices available on StreetEasy for "insiders". Most "closed" apts have a blank in the column, with actual sales prices mostly from Oct--before the deep dive. What's going on?
Response by stlblufan
over 16 years ago
Posts: 64
Member since: Mar 2009

I'm no expert on how SE pulls data, but I know that some of the listings that show up as "sold" have simply been taken off of the market.

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Response by NWT
over 16 years ago
Posts: 6643
Member since: Sep 2008

The brokerages report listings as sold, but actual closing price comes later on from the city, not from the brokerage. Hence the lag.

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Response by aboutready
over 16 years ago
Posts: 16354
Member since: Oct 2007

nwt, some of them are ancient. some are units that are in contract that have already closed and the data is not there yet, or will close in the future, others are shadow inventory.

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Response by NWT
over 16 years ago
Posts: 6643
Member since: Sep 2008

Or the metadata used to ID the unit by the broker and by the city don't match, so SE ends up with orphans.

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