How Accurate are Zillow's Estimates?

By
Real Estate Agent with Coldwell Banker Coastal Alliance

You have to love the fact that Zillow is honest enough to chart their overall accuracy on home pricing. You may be surprised as to how un-accurate they can sometime be!

Michele "K"
FollowMeToHome.com
@LifeinLosAltos

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Topic:
Home Buying
Location:
California Los Angeles County Long Beach Los Altos
Tags:
zillow
estimate
long beach
long beach realtor
long beach homes for sale
coldwell banker
long beach real estate
long beach condos

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Rainer
225,423
Daniel H. Fisher
MCRP - Charlotte Real Estate, NC or SC
www.FisherHermanRealty.com (704) 617-3544

A  lot of Sellers do not dig deep into the Zillow methodology.  The margin of error is very high in some areas. But at least they understand the shortcomings of the system - which is the first step towards improvement.

August 25, 2011 10:45 PM
Rainer
26,913
Michele Kreinheder
Coldwell Banker Coastal Alliance

I agree. Zillow was revolutionary and they are always trying to improve.

 

August 25, 2011 11:26 PM
Rainmaker
340,613
Donna Yates
Real Estate North GA Mountains & Lakes Blue Ridge
Coldwell Banker High Country Realty

Michele: Thank you for this.  Important for buyers and sellers to understand the accuracy of Zestimates and nice to know Zillow actually provides their own information about that as well.

September 23, 2011 12:36 PM
Rainmaker
121,858
Lanise Warrior
Carson-Compton Real Estate Specialist
Dream Catchers Real Estate

Michele, Thank you sharing this video.  I appreciate your simple analysis which helps me decide whether or no I want to use Zillow in the future.

October 21, 2012 01:32 AM
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Rainer
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Michele Kreinheder

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