Updated 8 months ago on . Most recent reply
Inaccurate Propstream data
Has anyone had recent problems with PropStream data? I use PropStream for list pulling and comps (mainly comps) and have found that in the least few months their system is providing wildly inaccruate data. And before I explain where the inaccuracies are, let me explain how I know they are inaccuracies and not just "lagging data." I asked Propstream directly, and they said records of sales are pulled from the county level and updated DAILY. But this has proved false, and when running comps, this is a big deal.
I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data. And yes, I checked county records and the county DOES show updated data. And we're talking sales MONTHS old.
Obviously, if I'm trying to comp a property and Propstream gives me stuff with sold prices and ARV's from 10 years ago, that doesn't give good comps. And if houses are showing an owner having been there for 10+ years when that owner actually sold 8 months ago, then I might market to a completely unqualified lead.
I'll post a link to ONE example of many I've found recently, along with one to county records for refernce. Propstream shows old owner. An investor bought this in February of '24, and flipped and sold in July of '24. County records updated, Propstream did not.
https://app.propstream.com/search/1711386856
https://www.actdatascout.com/RealProperty/ParcelView?countyI...