[quote=Rich Toscano]Gonna wait for the Feb data at this point, hopefully should have that soon.
As far as Zillow, my own experience is that their individual home-level estimates are meaningless. Can’t say about your neighborhood, but SD wide the trend still seems to be up.[/quote]Agree, Rich. Zillow estimates are meaningless. They very often use very dated info re: current size of dwelling and don’t take into account condition of dwelling (a biggie). I have found that Zillow also factors in nearby deeply-discounted distress sales, sales of unimproved lots and even “sales” between family members as “recent sold comps” to determine the value of a nearby parcel. The methodology they use is slapdash and stupid, IMO.
It reminds me of looking myself up on a popular “identity aggregator” online which charges the public for each record or “memberships” and finding on it two cities in which I have never resided in, lol …..
