Not enough to base a buying or pricing opinion on, I’d say. I just checked a few sales prices from today: 18 Concord sold for $360,000 while Zillow estimated $475,500.13 Shore Acre Drive, gone to contract in 3 days so we can assume it fetched its asking price of $2.495 million, has a Zillow estimate of $1.340. 20 Limrick sold for $1.695, Zillow suggests $1.895.
Another Zillowestimate was close – $3.725 for a deal I had reached,until the buyer backed off, for $3.6. That’s pretty good. But again, if you used these estimates as gospel, you’d be way below, way too high or just right – trouble is, you can’t tell which.
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I love Zillow (NOT!) One of my clients was telling me how we should carefully price her house at “x” because Zillow said it was even more.
Finally, I was able to discredit Zillow JUST a little bit when the home I’d just negotiated a sale on was going for LESS THAN HALF of what Zillow said it was “worth.”
May all my competitors price with Zillow
Zillow rely on ‘Home Info’ and tax card reflecting accuracy.
13 Shore Road must be some fabulous place for it to sell in 3 days. Or does the tax office not know of the black gold in the back yard?
Which brokerage is it on with?