RealEstateVoices is a real estate social news site designed to help you discover the most interesting articles of the day, as voted and suggested by your fellow users.

Zillow.com zestimates Too Inaccurate to Set Listing Price

http://www.arizonarealestatenotebook.com Posted by johnwake 785 days ago

Zillow.com value estimates ("Zestimates") are not very good. For Phoenix Arizona, 28% of their "Zestimates" are off by 10 percent or MORE. Yikes! If your home is worth $200,000, there's a 28% chance Zillow.com will tell you it's worth more than $220,000 or less than $180,000.

Comment  ::  Bookmark to

 

Comments

  • #1 | rating: 0 | I'd like to rate this comment.
       Zillow uses a circular radius versus specific neighborhood or streets to determine comparable saes data. Yahoo Real Estate uses the same circular radius. In our market, The Woodlands, homes can range in price from $600K to $1MM within one-quarter mile radius. There is no substitute for the value that a knowledgeable Realtor brings to the listing presentation!
    written by gflory 785 days ago


    • Log in to comment or register here.

    Stats

    Stories:

    18888 Total :: 403 New this week

    Votes:

    23141 Total :: 550 New this week

    Users:

    5283 Total