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Status:
" Charleston South Carolina"
(set 6 days ago)
Location: home...finally, home .
8,814 posts, read 21,278,987 times
Reputation: 20102
I was looking up the price of a tiny house I once had in Setauket (and not the best part whatsoever) on Zillow and it was listed at $2,350,000. Someone was having a good time, I guess.
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Good point zillow is crap.
I wonder if theres better data.
I have a friend in RE locally, she says shes starting to get mutiple offers on homes in the area.
Maybe weve bottomed...or matbe its just another trap door?
Neat map though.
Crooks
Last edited by Crookhaven; 05-26-2009 at 09:04 PM..
The realtor I used 18 mos ago says comparable sales for my house in Sound Beach are down less than 5%. Its tough to say though because the number of sales is so low.
The realtor I used 18 mos ago says comparable sales for my house in Sound Beach are down less than 5%. Its tough to say though because the number of sales is so low.
Zillow said under 4%.
It may not be too far off.
The area was highly undervalued for years.
It seems to have held up ok all things considered, but the light at the end of the tunnel still may be a train.
I have a friend in RE locally, she says shes starting to get mutiple offers on homes in the area.
Maybe weve bottomed...or matbe its just another trap door?
Crooks
Not surprised, I saw a few homes priced aggressively, at or just below the current market value and they got a few offers.... my point.... this is no way tied to bottom... a good value is a good value.
Quote:
Originally Posted by Crookhaven
Zillow said under 4%.
It may not be too far off.
The area was highly undervalued for years.
It seems to have held up ok all things considered, but the light at the end of the tunnel still may be a train.
Crooks
Median Sales price cannot be depended for trend analysis till the complete picture is known.... if you need more info I'll be glad to explain.
5% sounds right. But you have to remember Rocky Point also has 5 pages of homes(bungalows) for under 250k on MLSLI. I mean thats not typical for LI. So you really have to look at the whole picture when comparing RP to the rest of LI.
cool map, zillow is crap in many ways. It says Ridge is down almost 9%, I'm not sure how accurate it is but I know the older Leisure units are way down, 20% or more & justly so. The single family homes in Ridge are holding up really well from what I can tell.
I've never been to Zillow before! Thanks for the link! My property is "appraised" by Zillow, considerably lower than our asking price, however! How can Zillow come up with even an educated guess, since my farm has no comps at all?? It doesn't seem like good exposure, in my case!! But, I guess any exposure is good exposure!!
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