I agree with SDrealtor on this. Zillow is saying that my home on the beach with a clear ocean view is only worth $890,000.00. It’s calculated by a bunch of averages in my Zipcode. Completely inaccurate. My neighbor is selling for multi-millions. Of course this place has been sitting for a few months like most high ends but it’s a beautiful home. I can see prices drop well below the $800’s here when rates are even higher and the market is taking a major dive. But prices have not corrected like that quite yet.
