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Old 12-03-2017, 08:16 PM
Status: "28 restaurants within 6 blocks of my house" (set 18 days ago)
 
Location: The Berk in Denver, CO USA
12,649 posts, read 17,785,374 times
Reputation: 19010

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Realwhore - $857K
Redfin - $814
ReMax - $815
Zillow - $753
Eppraisal - $725

As someone with a 600+ row spreadsheet of every house built in this century in my neighborhood, I can say that 3 have inhaled way too much weed. And, one is too low.

Zillow is spot on.
3968 Vrain Street, Berkeley, Denver, CO 80212-2251 USA
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Old 12-03-2017, 08:33 PM
 
Location: Raleigh NC
6,916 posts, read 5,498,331 times
Reputation: 6021
Zillow: $838,163
Realtor: $850,000 (aka asking price)
Redfin:$845,401*
ReMax: 845,110*

*should brokerages with a presence in a given market be providing valuation estimates on homes currently listed for sale? Whether that had any effect on any of the 4's value (other than R.com which seems to = asking price).


A nearby, and similar house that's not for sale, but was sold previously through the MLS. Info should be accurate, but all are using the tax records square footage, which is incorrect.

Zillow: 780,362 (incorrect sqftg)
Realtor:652,500
Redfin: 757,845 (incorrect sqftg, same # as Z and ReMax)
ReMax: $665,499 (incorrect beds/baths)
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Old 12-03-2017, 09:26 PM
 
Location: Worcester MA
166 posts, read 67,705 times
Reputation: 337
[quote=MikeJaquish;50296812]Is it a fairly cookie-cutter neighborhood of very similar homes?

Many of the homes are small or medium sized in my blue collar neighborhood, but some are waterfront. There are also some run down looking places which might be hoarder homes.

My home is not right on the water and is possibly the smallest house in the area, but i have a driveway, garage, yard and view of the lake from my deck and it looks like a cute lake cottage.

The other side of the lake, which is another (richer)town, has what looks like McMansions lining the waterfront.

Recently a McMansion was built on my side of the lake and is listed for $1.4 million. When it sells, I'll check to see if the value of my home goes up on those sites.
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Old 12-04-2017, 03:44 AM
 
Location: Cary, NC
30,503 posts, read 53,453,625 times
Reputation: 28777
Back on topic....

A house on the market I will preview today. Wow....

eppraisal.... $650,402

Realtor.com.... No value. Home is on the market and no AVM pop appraisal provided. Righteous move by Realtor.com.

Redfin... $1,115,393

Remax... $589,697

Zillow... $1,123,673
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Old 12-04-2017, 05:47 AM
 
Location: MID ATLANTIC
7,434 posts, read 16,997,136 times
Reputation: 7767
Beach property?

If you follow these results with the same reactions of sellers, the 1.1M valuations are low, and a buyer thinks they are absurdly high. It will be curious to see where you think it will move.
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Old 12-04-2017, 05:55 AM
 
Location: Cary, NC
30,503 posts, read 53,453,625 times
Reputation: 28777
Quote:
Originally Posted by SmartMoney View Post
Beach property?

If you follow these results with the same reactions of sellers, the 1.1M valuations are low, and a buyer thinks they are absurdly high. It will be curious to see where you think it will move.
Not beach.
Big subdivision with multiple phases, built from 1982 to present, and some of the pop appraisers recklessly mix older smaller houses with newer larger houses in their algorithms.
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Old 12-04-2017, 06:29 AM
 
Location: Lilburn
426 posts, read 1,396,635 times
Reputation: 473
Purchased home in 2016 for $325,000. Site valuations below.. I wonder how these sites do their valuations.

Realtor.com: $348,200

REdfin https: $348,291

Remax: $321,554

Zillow: $307,050
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Old 12-04-2017, 11:28 AM
 
Location: Lake Norman, NC
6,945 posts, read 10,557,638 times
Reputation: 30006
Here's what I see for my neighbors house...

Realtor.com...$308,900

Redfin...........$299,262

Remax..........$299,574

Zillow...........$297,113
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Old 12-04-2017, 01:30 PM
 
852 posts, read 725,284 times
Reputation: 1085
eppraisal.com: $386,565

Realtor.com: $335,600

Redfin: $377,564

Remax: $329,937

Zillow: $354,224


I would guess that Zillow was most accurate, if I were to list today, I'd likely do so for $360Kish and homes typically sell for very close to asking in my area (there's also a fairly severe shortage of inventory).
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Old 12-04-2017, 06:58 PM
 
259 posts, read 150,215 times
Reputation: 224
I would say Zillow is the most accurate, we have three closed sales in the past 12 months of the same model and square footage at $430,000, $429,900 and $432,000.

Realtor: $408,100
Redfin: $384,171
Remax: $385,000
Zillow: $420,691
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