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To: gunsequalfreedom
That website is so out of touch with market conditions it is laughable.

How so? It's comp driven.

5 posted on 11/10/2010 10:11:27 AM PST by Mojave (Ignorant and stoned - Obama's natural constituency.)
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To: Mojave
How so? It's comp driven.

I might have been a bit hard on Zillow in my original post but as I have checked Zillow price estimates to what I see in my local market, it has been both much higher and much lower. That could have been due to rapid market fluctuation and Zillow not keeping up but I would not rely on it for anything more than the most general guide.

For example, a house Zillow shows as $115,000 has a lot of comps at $95,000 in better condition. It shows one house that is a near total wreck (needing $70,000 of repairs) at market price.

15 posted on 11/10/2010 11:16:54 AM PST by gunsequalfreedom (Conservative is not a label of convenience.)
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To: Mojave

In some areas the market is crashing so fast the AVM’s and Zillows can’t keep up with it.


19 posted on 11/10/2010 7:58:20 PM PST by Rebelbase (Palin/Christie 2012)
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