StreetEasy information on sales?
Started by jelj13
over 10 years ago
Posts: 821
Member since: Sep 2011
Discussion about
Where does StreetEasy get information on sales of apartments? When I was looking a few years back, I never noticed any discrepancies. Now 2 have popped up in the past week. 201 w 89 St., 2D, is listed on StreetEasy as being in contract. The listing itself (on StreetEasy) shows "sale recorded" on 9/3 and there is an ACRIS entry for the sale posted on 9/15. The broker's site still shows it "in contract". 200 EEA, apt 8L, is marked "off the market". I just received a post card from the broker 3 days ago that the apartment was sold. There is no entry on ACRIS and the site was eliminated from the broker site. 6G in the building is also listed as "off the market" and has the same broker. I suspect it has also been sold.
Statuses like "Off the market", "In contract", "No longer available" are subjective and come from the broker. I think in many cases an unpaid intern manages the feed.
The "Sale recorded" status comes from the city. The feed includes address, apartment number, buyer, seller, amount, document date and recorded date.
SE then matches that daily feed of sales to its listings, and matches them by address and apartment number.
If there's some ambiguity or missing info in the feed, then a person at SE tries to match the unmatched.
To monitor a co-op, it's much easier to just stick with ACRIS. Everything shows there unless the lawyer or title person got the block/lot wrong. To monitor a condo building, ACRIS isn't much use as there's no way to query a range of lot numbers.
For 200 EEA, I'd look at recent UCC1s to see whether there's one for 8L, as those turn up sooner than the recorded sale. (The bank is more interested in recording its lien than the buyer is in paying the transaction tax.) That won't tell you the sale price, but it gives you a head start on googling the buyer.
I dunno, "in contract" seems like an objective fact to me. (*grin*).
All REBNY member brokers (including the brokerage firm you're dealing with) are supposed to feed into the REBNY listing system by updating status changes promptly, but sometimes the brokerage firm's software and the RLS software get out of sync (just yesterday, one of the big firms called me about a closed listing). What's more, SE updates its feeds regularly, but not always as quickly as the underlying data changes.
OLR (the computer system that I use) shows #6G was updated on the 17th, and that it sold at a listing price of $765,000 (that may have been the sales price too, but I'd check ACRIS just to be extra sure).
#8L was updated today at a confirmed price (which is broker-input) of $950K, so maybe somebody read your note.
ali r.
{downtown broker}