A Zillow Tale - Home Sold in San Carlos CA and Zillow's Zestimate
This morning's email contained a notice from Zillow about one of my listings, 1925 Belmont Avenue, San Carlos.
First, here are a few facts about the listing:
- it went on the market 2/6/11
- it was under contract 4 days later, with 6 offers received
- sale finalized and recorded 3/15/11
- list price: $1,129,000
- sale price: $1,207,000
A couple of things jumped out at me when I saw the Zillow link today: first, it appears to be an active listing, and second, the Zestimate is w-a-a-y off. Take a look at the screen shot:
While Zillow is an interesting site, the Zestimates can be pretty zany! This one is off by more than 20%! This will be good reference for buyers and sellers when they tell me, "....but Zillow says the house is worth ......"
What has your experience been with Zestimates in your area?