Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
How (in)accurate is Zillow for trends?
I'm looking to sell my house, and according to zillow, the "zestimate" in my neighborhood has been essentially static for the past 4 years. I spoke with a realtor, and she said it's down 12% since 4 years ago. Admittedly, I am outside of her normal coverage area, but a friend has worked with her before.
I know Zillow can be wildly inaccurate on an individual home's value, but are their trends bad too? I assumed they took it from average selling price in the neighborhood.
Re: How (in)accurate is Zillow for trends?
I am a Realtor in CA. Here is my two cents worth
I don't trust Zillow. According to Zillow's own accounts, their 'zestimates' are within 17%. That is a huge variation and nothing I find credible. In my humble opinion
Just remember that Zillow never goes inside any of the properties and their information is based on recorded information only. There can be extreme differences from house to house and there would be no way to tell from the recorded information. Two homes of the same size can be entirely different.
So, that being said, I would continue the conversation with your Realtor and learn even more about the market. The Realtor community will have a greater level of information about the homes and how they compare than Zillow will have. Don't hesitate to ask for more information and look at active comps for your property and neighborhood. Your Realtor will be happy to help you understand the current market and your fair market value.
Hope that helps and good luck
Lighthouse State Beach, Santa Cruz.