Quote:
Originally Posted by JohnN
Steve, zillow is a mighty fine sight - people need to remember it's a tool and not the absolute, but it is very good. Great suggestion.
|
My experience is people who look at Zillow seem to find it accurate when it meets their needs, and wrong when it doesn't! If someone is selling and it's high on Zillow, Zillow is the gospel. If it's lower than their expectations, it's wrong!
It's based on some averages of recent sales and tax appraisals. It has no sense of condition or amenities in an individual home, so you're absolutely right, it's a tool. However, I think when you view zip-code wide sales tracking charts, it's got to be a pretty accurate measurement.