Zillow Observation

[beachlover]

Just an observation about zillow. I owned a CV property for over 20 years. When I checked zillow, it valued my property well below (more than 25%)other comparable houses in my development. It didn’t make sense to me, except that the other properties had turned over and obviously mine hadn’t.

I sold this property this fall. Just for fun I checked zillow over the weekend and low and behold, my property has increased in value to be comparable to the neighborhood. In fact, the zillow value is higher than most…..

I would never use zillow for comps. but know that some folks think it reflects worth.

[cr]

Zillow has also become a place for home owners (money renters) to come and complain that the value of their home is too low.

Next time you’re on check out the discussions. There must be a thousand people on there who think their $500,000 2000 sq ft tract home is under valued because they just remodeled it (without permits) and put in SS appliances.

They are in for a treat once Zillow updates their formulas.

[cr]

Zillow has also become a place for home owners (money renters) to come and complain that the value of their home is too low.

Next time you’re on check out the discussions. There must be a thousand people on there who think their $500,000 2000 sq ft tract home is under valued because they just remodeled it (without permits) and put in SS appliances.

They are in for a treat once Zillow updates their formulas.

[cr]

Zillow has also become a place for home owners (money renters) to come and complain that the value of their home is too low.

Next time you’re on check out the discussions. There must be a thousand people on there who think their $500,000 2000 sq ft tract home is under valued because they just remodeled it (without permits) and put in SS appliances.

They are in for a treat once Zillow updates their formulas.

[cr]

Zillow has also become a place for home owners (money renters) to come and complain that the value of their home is too low.

Next time you’re on check out the discussions. There must be a thousand people on there who think their $500,000 2000 sq ft tract home is under valued because they just remodeled it (without permits) and put in SS appliances.

They are in for a treat once Zillow updates their formulas.

[cr]

Zillow has also become a place for home owners (money renters) to come and complain that the value of their home is too low.

Next time you’re on check out the discussions. There must be a thousand people on there who think their $500,000 2000 sq ft tract home is under valued because they just remodeled it (without permits) and put in SS appliances.

They are in for a treat once Zillow updates their formulas.

[Eugene]

I know a guy who bought a house for 590k in ’06. Throughout most of ’07, zillow was showing that his house was worth more than he paid for it.

In the last month, zillow estimate dropped from 580k to 500k, and the entire graph was revised (so it does not even say any more that the house was worth 580k recently).

To paint a broader picture: his next-door neighbor sold his house (30% more footage) for 585k; and a house very much like his across the street was just listed for 460k; and there are a couple of SFR listings in the zip code for high 300’s.

I wonder if he thinks that zillow is too low.

[Eugene]

I know a guy who bought a house for 590k in ’06. Throughout most of ’07, zillow was showing that his house was worth more than he paid for it.

In the last month, zillow estimate dropped from 580k to 500k, and the entire graph was revised (so it does not even say any more that the house was worth 580k recently).

To paint a broader picture: his next-door neighbor sold his house (30% more footage) for 585k; and a house very much like his across the street was just listed for 460k; and there are a couple of SFR listings in the zip code for high 300’s.

I wonder if he thinks that zillow is too low.

[Eugene]

I know a guy who bought a house for 590k in ’06. Throughout most of ’07, zillow was showing that his house was worth more than he paid for it.

In the last month, zillow estimate dropped from 580k to 500k, and the entire graph was revised (so it does not even say any more that the house was worth 580k recently).

To paint a broader picture: his next-door neighbor sold his house (30% more footage) for 585k; and a house very much like his across the street was just listed for 460k; and there are a couple of SFR listings in the zip code for high 300’s.

I wonder if he thinks that zillow is too low.

[Eugene]

I know a guy who bought a house for 590k in ’06. Throughout most of ’07, zillow was showing that his house was worth more than he paid for it.

In the last month, zillow estimate dropped from 580k to 500k, and the entire graph was revised (so it does not even say any more that the house was worth 580k recently).

To paint a broader picture: his next-door neighbor sold his house (30% more footage) for 585k; and a house very much like his across the street was just listed for 460k; and there are a couple of SFR listings in the zip code for high 300’s.

I wonder if he thinks that zillow is too low.

[Eugene]

I know a guy who bought a house for 590k in ’06. Throughout most of ’07, zillow was showing that his house was worth more than he paid for it.

In the last month, zillow estimate dropped from 580k to 500k, and the entire graph was revised (so it does not even say any more that the house was worth 580k recently).

To paint a broader picture: his next-door neighbor sold his house (30% more footage) for 585k; and a house very much like his across the street was just listed for 460k; and there are a couple of SFR listings in the zip code for high 300’s.

I wonder if he thinks that zillow is too low.

[kev374]

Zillow is nonsense. A friend’s condo in Vegas supposedly just went up in value 10% from last month’s update to this month when it is well known that the market is tanking there like no tommorow!

[kev374]

Zillow is nonsense. A friend’s condo in Vegas supposedly just went up in value 10% from last month’s update to this month when it is well known that the market is tanking there like no tommorow!

[kev374]

Zillow is nonsense. A friend’s condo in Vegas supposedly just went up in value 10% from last month’s update to this month when it is well known that the market is tanking there like no tommorow!

[kev374]

Zillow is nonsense. A friend’s condo in Vegas supposedly just went up in value 10% from last month’s update to this month when it is well known that the market is tanking there like no tommorow!

[Author]

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