Posted by amp43679 on 19th of Oct 2009 at 10:03 pm
We sold our house 4 months ago (June 2009) in Greensboro, NC and
the Zillow estimate for our house was spot-on, unfortunately.
I don't know the algorthm they use for their Zillowestimate, but in
our case, it was close.
I am in Almaden Valley in San Jose, CA and I checked the prices
of house on Zillow a few weeks ago. Almost of year ago,
houses sold for more than 20% of the current Zillowestimate.
Just some of my observations.
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Posted by amp43679 on 19th of Oct 2009 at 10:03 pm
We sold our house 4 months ago (June 2009) in Greensboro, NC and the Zillow estimate for our house was spot-on, unfortunately. I don't know the algorthm they use for their Zillowestimate, but in our case, it was close.
I am in Almaden Valley in San Jose, CA and I checked the prices of house on Zillow a few weeks ago. Almost of year ago, houses sold for more than 20% of the current Zillowestimate. Just some of my observations.