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  • August 20, 2009 at 6:34 PM #16216
    blake
    Participant

    I bookmarked a bunch of homes that I was looking at during Oct-Dec 2008 in the MM/92126 area. The Zestimates for those now are 100-150K higher than what they sold for. How the heck did they arrive at these numbers in this market? Yikes!

    August 20, 2009 at 6:47 PM #447233
    patientrenter
    Participant

    I’ve noticed that Zillow fairly consistently overestimates prices, starting some time ago (that I’ve forgotten), within the last 2 years.

    I suspect they got a message that their business model wasn’t going to work unless they cooperated.

    August 20, 2009 at 6:47 PM #447425
    patientrenter
    Participant

    I’ve noticed that Zillow fairly consistently overestimates prices, starting some time ago (that I’ve forgotten), within the last 2 years.

    I suspect they got a message that their business model wasn’t going to work unless they cooperated.

    August 20, 2009 at 6:47 PM #447763
    patientrenter
    Participant

    I’ve noticed that Zillow fairly consistently overestimates prices, starting some time ago (that I’ve forgotten), within the last 2 years.

    I suspect they got a message that their business model wasn’t going to work unless they cooperated.

    August 20, 2009 at 6:47 PM #447832
    patientrenter
    Participant

    I’ve noticed that Zillow fairly consistently overestimates prices, starting some time ago (that I’ve forgotten), within the last 2 years.

    I suspect they got a message that their business model wasn’t going to work unless they cooperated.

    August 20, 2009 at 6:47 PM #448016
    patientrenter
    Participant

    I’ve noticed that Zillow fairly consistently overestimates prices, starting some time ago (that I’ve forgotten), within the last 2 years.

    I suspect they got a message that their business model wasn’t going to work unless they cooperated.

    August 20, 2009 at 7:08 PM #447258
    AK
    Participant

    I’ve seen Zestimates up 15% in the past 2-3 months for Oceanside SFRs. Not sure where they’re getting those numbers but it can’t be from comps …

    August 20, 2009 at 7:08 PM #447450
    AK
    Participant

    I’ve seen Zestimates up 15% in the past 2-3 months for Oceanside SFRs. Not sure where they’re getting those numbers but it can’t be from comps …

    August 20, 2009 at 7:08 PM #447788
    AK
    Participant

    I’ve seen Zestimates up 15% in the past 2-3 months for Oceanside SFRs. Not sure where they’re getting those numbers but it can’t be from comps …

    August 20, 2009 at 7:08 PM #447858
    AK
    Participant

    I’ve seen Zestimates up 15% in the past 2-3 months for Oceanside SFRs. Not sure where they’re getting those numbers but it can’t be from comps …

    August 20, 2009 at 7:08 PM #448042
    AK
    Participant

    I’ve seen Zestimates up 15% in the past 2-3 months for Oceanside SFRs. Not sure where they’re getting those numbers but it can’t be from comps …

    August 20, 2009 at 10:16 PM #447313
    bsrsharma
    Participant

    Previously, Zillow was merely overestimating the value; now, it is completely irrational. The best use you can get from Zillow is to expand the graph to 10 year mode and pick a historical value 8-10 years back. Basically consider this decade as the (first) lost decade.

    August 20, 2009 at 10:16 PM #447505
    bsrsharma
    Participant

    Previously, Zillow was merely overestimating the value; now, it is completely irrational. The best use you can get from Zillow is to expand the graph to 10 year mode and pick a historical value 8-10 years back. Basically consider this decade as the (first) lost decade.

    August 20, 2009 at 10:16 PM #447843
    bsrsharma
    Participant

    Previously, Zillow was merely overestimating the value; now, it is completely irrational. The best use you can get from Zillow is to expand the graph to 10 year mode and pick a historical value 8-10 years back. Basically consider this decade as the (first) lost decade.

    August 20, 2009 at 10:16 PM #447914
    bsrsharma
    Participant

    Previously, Zillow was merely overestimating the value; now, it is completely irrational. The best use you can get from Zillow is to expand the graph to 10 year mode and pick a historical value 8-10 years back. Basically consider this decade as the (first) lost decade.

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