[Bay Kid]

Like an appraiser that didn't look at your property. Hard to give a real price.

[Nick B]

Don't rely on Zillow they are far from accurate.

[Girlcopper]

Originally Posted by Dannny

Went on Zillow out of curiosity to see house values in my Village. Houses have dropped in value 10-20% in the past week. Anyone else notice?

It is a buyers market right now but I dont know how long that willl last.

[Catalina36]

I would not trust Zillow. A 10% to 20% drop in house prices would be for a 235K home 23,500 or 47,000?? Not realistic. Check the Villages website for resale homes. The prices have been going up. Homes that were for sale in the 235K price range in Sept are now 239k and up. All 239k house are now all pending sales. It’s is getting harder to find a 3 bedroom home for under 240k now. Just like any purchase you must compare apples to apples.

[mrf6969]

I looked at Zillow, Realtor and Redfin. As an average of all those sites ours has gone up 10% over the past few months and 15 percent over this past year. Being located on open space behind the home is a HUGE plus in The Villages.

[richs631]

Originally Posted by Dannny

Went on Zillow out of curiosity to see house values in my Village. Houses have dropped in value 10-20% in the past week. Anyone else notice?

Don’t rely on Zillow for market values. Zillow is computerized and only takes in certain things to value a house and condition is NOT one of them. Use a trusted real estate agent that works your area for a true & accurate number

[72eagleman]

Zillow works off from tax values and can be way off and they have no way to know if improvements were completed until a reassessment occurs. They have my home in NV undervalued by over $200K so I would not put to much faith in there numbers.

[merrymini]

Zillow is as accurate as trying to hit the moon with a sling shot but if you believe them, I would get the heck out of there, NOW!

[chrissy2231]

Mine increased $79,000

[garrykolb]

Nope - Zillow shows my home value is up 0.9% in the last 30 days and looks to be in the ballpark based on other resales in the area. We're on the north end in Briar Meadow.

[donfey]

Zillow "values" are bogus. While the history is usually of value.

[jbrown132]

Originally Posted by Dannny

Went on Zillow out of curiosity to see uh house values in my Village. Houses have dropped in value 10-20% in the past week. Anyone else notice?

I was looking at prices the other day and to be honest I didn’t see much change. Prices have continued to climb steadily for the past 10 years and to me compared to other areas of FL the prices are becoming over inflated. That is not a comment against TV, it is just a statement of fact. Not only in TV but around the country there has been a steady increase in real estate prices brought on by a booming economy and low interest rates. Everybody has enjoyed this ride but at sometime we will enter into another recession and there will be a major correction. The extent of the correction will be determined by how over inflated prices have become. I live in a CYV. Does anyone really believe that Patio and CVT’s are worth $200-$300k?

[kendi]

Zillow’s information is almost always lower than the actual value. We had our house up North appraised and it’s value is $60,000 more than what Zillow says. Saw the same pattern with other properties we’ve researched.

[Rodneysblue]

Originally Posted by Dannny

Went on Zillow out of curiosity to see house values in my Village. Houses have dropped in value 10-20% in the past week. Anyone else notice?

Our house increased by 2.7%.

[Garywt]

My house here continues to cheap up in value which is fine but not going anywhere. My northern house they are very low own as I just had it appraised and the appraised very is a lot higher then Zillow.