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Old 06-18-2014, 08:40 PM
 
180 posts, read 158,095 times
Reputation: 76

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We bought a home in march 2013. It was appraised at 125,000 which is what zillow had it listed at. I looked at it today and zillow had it at 155,500. Really? Are home prices going up that much?
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Old 06-18-2014, 09:10 PM
 
Location: Palm Island and North Port
7,486 posts, read 19,851,071 times
Reputation: 2803
Zillow is very unreliable. I wouldn't rely on Zillow for any statical data at all. Prices are going up and it's possible they have gone up that much but I wouldn't bank on Zillow to tell me that.
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Old 06-19-2014, 04:53 AM
 
Location: Lemon Bay, Englewood, FL
3,107 posts, read 4,518,560 times
Reputation: 1075
Zillow is great for researching, but pay NO attention to the "Zestimate". It means absolutely nothing! It's about as reliable as the county assessor's listed value. Your only true method of determining actual value is a comparable market analysis.
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Old 06-19-2014, 04:58 AM
 
281 posts, read 286,180 times
Reputation: 90
Zillow is a total farce. In most cases you would get better info from a psychic or a dart board.

About the only place they are right is in a 1,000 unit condo complex where they are all exactly the same and there are 50 recent sales.
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Old 06-19-2014, 04:58 AM
 
Location: Lemon Bay, Englewood, FL
3,107 posts, read 4,518,560 times
Reputation: 1075
how reliable is zillow?-zestimate.jpg
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Old 06-19-2014, 05:12 AM
 
Location: Lemon Bay, Englewood, FL
3,107 posts, read 4,518,560 times
Reputation: 1075
how reliable is zillow?-zillow.jpg
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Old 06-19-2014, 05:43 AM
 
Location: Oklahoma
9 posts, read 14,022 times
Reputation: 14
Quote:
Originally Posted by Harbor Hopper View Post
That is awesome I am stealing this picture!!
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Old 06-19-2014, 05:54 AM
 
Location: PGI-finally here!!!!!!!!!!
325 posts, read 369,971 times
Reputation: 127
I use Zillow and Trulia for details on things like sales history, and crime reports and that is about it, and days on the market. The best advise is to check out the house you want on different sites. I also look at myfloridahomesmls.com., which is more accurate and up to date.
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Old 06-19-2014, 06:14 AM
 
Location: Port Charlotte
3,926 posts, read 4,721,497 times
Reputation: 3408
In our market, Zillow is so far behind the market it is useless for sales data. Movoto is better for active listing data with Realtor being the primary listing source.
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Old 06-19-2014, 06:52 AM
 
Location: Lemon Bay, Englewood, FL
3,107 posts, read 4,518,560 times
Reputation: 1075
Quote:
Originally Posted by 1dobiedude View Post
I also look at myfloridahomesmls.com., which is more accurate and up to date.
This is our local MLS, but it is 100% inaccurate right now. The entire system has been frozen for over a week now while the MLS "leaders" release a new format, which has been an utter failure so far. I'm sure SoFLGal can fill us in more, but right now, the myfloridahomesmls is frozen with the same info it had on Tuesday June 10th, which of course is outdated info.
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