used to be redfin let you pick the best comps from a suggested list and also correct the default county sf and bed bath count. now that is gone and the tool is worthless for an old neighborhood where most of the houses have inaccurate sq ft on the county website. sometimes redfin will have updated bed bath but not sq ft and say a comp is a 3/3 with 740 sq ft (actual problem with a comp for my house).
too bad, the old version looked a lot like a real appraisal if you put a little time into it.
zillow is gwtting screwy now too. it gives two estimates for OB prices in 2016, +11.6% and +2%. it also says on its scale the market is “very cold” (not just OB but PB as well) and that prices fell 2.5% last year. it has mission beach going up 23% last year however.
I don’t regularly look except to see what is available at the current time in case of a good deal (unlikely).
Any sort of “gain” one has is on paper anyway, until one goes through the painstaking process of selling. And then above the capital gains exclusion limit, (on your primary only) you then get to deal with paying taxes or in the case of rentals, 1031 exchanges.
Plus, the way I figure, the more I look at any sort of paper gain, the more disappointed I get if things were to go down or stabilize.
Kinda like getting a bunch of unvested stock options or RSU, and then being disappointed when, by the time you vest, your company stock tanks….Lol.
I agree, the new Redfin is worthless in relation to comping your own home. I put significant effort into tracking our assets and net worth on a semi-annual basis, and this tool really helped.
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