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Suppression of Sales Prices - by brokers or Street Easy?

Started by lavonne
almost 17 years ago
Posts: 5
Member since: Sep 2009
Discussion about
I bought a downtown co-op that closed in April 2009. The asking price was $549,000 and I bought it for $480,000. The actual sales price has never been updated in StreetEasy - it has been over 5 months. I believe this is because brokers do not want anyone to know what it actually sold for. Now there are other units in the building for sale at much higher prices per square foot. Has anyone else experienced this? What is going on? We are all paying StreetEasy for up to date information and it is being suppressed.
Response by waverly
almost 17 years ago
Posts: 1638
Member since: Jul 2008

How many times are you going to post this???

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Response by truthskr10
almost 17 years ago
Posts: 4088
Member since: Jul 2009

No suppression of threads

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Response by modern
almost 17 years ago
Posts: 887
Member since: Sep 2007

Can the sale be found on ACRIS? Have you asked Streeteasy to fix it? Send them the info and I bet they will.

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Response by lavonne
almost 17 years ago
Posts: 5
Member since: Sep 2009

Sorry for the multiple posts.

I asked StreetEasy to update. I will check ACRIS. Thanks.

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Response by anonymous
almost 17 years ago

Sometimes co-op prices take longer to hit the public record. Propertyshark.com has more up to date sale prices for buildings however even they lag when it comes to co-op's.

Wes Stanton
www.thestantongroupnyc.com

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Response by looking2return
almost 17 years ago
Posts: 182
Member since: Jan 2009

I've been wondering what the sales price was for this one for MANY months.

http://www.streeteasy.com/nyc/sale/152037-coop-239-east-79th-st-yorkville-new-york

I've checked ACRIS without luck.

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Response by Ubottom
almost 17 years ago
Posts: 740
Member since: Apr 2009

now that you are an owner, why are you so concerned that the low price be documented?

i'd leave it alone, unless your agenda is different than you described??!!

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Response by NWT
almost 17 years ago
Posts: 6643
Member since: Sep 2008

looking2return, the broker might've flagged it as sold when it was really just off-the-market.

The way it appears to work is:

(1) Brokers' feeds change the status of a listing to new, off-market, in-contract, sold, or whatever.

(2) SE gets sales records from ACRIS and matches them up somehow with their listing data. Sometimes they can match only as far as the address, so no link to specific apartment number.

Any typos at broker, the city, or SE can result in a lost sale.

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Response by 30yrs_RE_20_in_REO
almost 17 years ago
Posts: 9913
Member since: Mar 2009

I'd bet anyone $1,000 right now that SE never got the closing prices from the brokers before, so you can't blame the brokers for a change since they were never part of the process.

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