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StreetEasy terminology,

Started by andwin
almost 18 years ago
Posts: 80
Member since: Jan 2008
Discussion about
Why do some listings end up as "No Longer Available" while others say "Sold For"? I know some may suggest that "no Longer Available means the listing was taken off the market but most of these listings are reported to have gone into contract, then... poof! "listing No Longer Available" Also, under "activity for this building" I'd like to learn the difference between the columns "recorded sales" and "previous listings". There seem o be recorded sales in the "previous listings" column. Finally, why are some listing for insiders only? Thanks Andrea
Response by kylewest
almost 18 years ago
Posts: 4455
Member since: Aug 2007

The "insiders only" is an added benefit for subcribers to streeteasy. They provide so much for free, you can hardly blame them for a $10/mo. fee for this data. If provides easy links to government database for recorded sales, too. If you are in the market now, it's a $10 wisely spent, IMHO.

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Response by Margategirl
almost 18 years ago
Posts: 25
Member since: May 2006

so

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Response by inquirer
almost 18 years ago
Posts: 335
Member since: Aug 2007

"No longer available" after "in contract" is a mistery for me, too.

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Response by andwin
almost 18 years ago
Posts: 80
Member since: Jan 2008

Thanks for the info Kylewest.
I understand the general concept of the "insiders" policy. But if the general data on streeteasy is inconsistent or incorrect what should I expect if I become an "insider".

I was hoping to get a little educated insight into the inconsistencies that appear to the general public on SE. Are there any "insiders" out there who can comment on the accuracy and completeness of the data that "insiders" receive?

I'm not concerned so much about 10 bucks a month as I am about disclosing my personal information to a company who would probably be tracking my every move on the website and have the ability to use or report that data to the REAL "insiders".
If the website weren't registered by a proxy service I might be slightly less hesitant.

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Response by jordyn
almost 18 years ago
Posts: 820
Member since: Dec 2007

I think it's pretty straightforward: "in contract" mean that the unit is...in contract. At some point after that, presumably when the sale is completed, the listing will be removed from the broker's site, after which it is "no longer available".

In Previous Listings, you see either listings that were previously available (and now aren't) or sales data gathered from the City, or both. If Streeteasy knows the unit number that was previously listed, when it gets the sales data it can list them on the same line.

Note: I am only inferring all of this rather than having any special knowledge, but it seems to make sense and is consistent with what you see.

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Response by StreetEasySupport
almost 18 years ago
Posts: 300
Member since: Jan 2006

Sorry for the confusion there. Some of this stems from the fact that unlike other websites we keep a history of past listings.

When we say "no longer available" it means that the broker agency removed the listing from their feed or website without offering a new status. It might have been sold, or taken off the market, but we don't have enough information to make that call. In other instances the agency reports it as sold or off market and we mark them as such. In either case, at this point, these listings get included in the "previous listings" column.

A "recorded sale" represents the actual contract to transfer the ownership of the property. Our recorded sales information comes directly from the city's registrar and can be considered authoritative. It's this information that is limited to Insiders.

We're always improving the accuracy of our status information for listings. We try hard to match listings and recorded sales, and when we can, we actually use that information to mark a listing as sold.

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Response by tenemental
almost 18 years ago
Posts: 1282
Member since: Sep 2007

andwin, I've compared StreetEasy info to the numbers on the government website @ http://www.nyc.gov/html/dof/html/property/property_val_sales.shtml and found them to be accurate. I do, however, wonder if brokers can see how many users have saved their properties to their "Saved Sales" lists, the "Open House Planner," etc., gauging the level of interest.

Can any StreetEasy admin confirm what it is brokers find out from our input data?

jordyn, I have to disagree somewhat. I know for a fact of units that are labeled "No Longer Available" after being pulled from the market or rented out when the sellers couldn't get their price. I've put the pieces together on occasion, when a "Recorded Sale" is on a different line from its "Previous Listing," but looking at the listing on the brokers website gives you the unit # and connects the dots.

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Response by StreetEasySupport
almost 18 years ago
Posts: 300
Member since: Jan 2006

Anyone can see how many times a listing has been saved. It's right next to the "save" button on the listing page. The listing agent can also see how many people have visited the listing, but only as an aggregated total. No individual information is disclosed at any point.

We care about our users' privacy and we say so on our Privacy Policy (http://www.streeteasy.com/nyc/home/privacy). We even let you get in touch with brokers without having to disclose your name or email address (see the "send a message to this agent" links on listing pages).

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Response by jordyn
almost 18 years ago
Posts: 820
Member since: Dec 2007

tenemental--I didn't mean to imply that the only reason a unit would become "no longer available" was because the unit had sold, but in the particular progression of "in contract"->"no longer available", that would presumably be the most likely scenario.

Unfortunately, not all brokers' listings have the unit number, which makes it a bit harder to correlate to the recorded sales, but I agree that in most cases there's ways to connect the dots.

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Response by tenemental
almost 18 years ago
Posts: 1282
Member since: Sep 2007

admin, thanks for the fast, clear response.

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