Inaccurate Zillow Zestimates A Source Of Conflict Over Home Prices

Dated: 02/08/2015

Views: 1269

"Are Zestimates accurate? And if they're off the mark, how far off? Zillow CEO Spencer Rascoff answered that they're "a good starting point" but that nationwide Zestimates have a "median error rate" of about 8%."

Whoa. That sounds high. On a $500,000 house, that would be a $40,000 disparity — a lot of money on the table — and could create problems. But here's something Rascoff was not asked about: Localized median error rates on Zestimates sometimes far exceed the national median, which raises the odds that sellers and buyers will have conflicts over pricing.


^ Please keep this in mind folks. Here's the full article.

Blog author image

Gavin McCaleb

Gavin has lived in Boise for over 20 years. In 2003 he got his start in real estate as an investor and since then he has personally bought and sold over 100 houses. He got licensed in 2009 and is now....

Want to Advertise on this Site?

Latest Blog Posts

Just Listed 2478 Penny Royal Boise Id

https://my.matterport.com/models/An6FnuRAXHF?section=media&mediasection=showcaseTake a tour of this wonder large family home in the above like.  We at Front Street Brokers offer this 3d tour of

Read More

Rare Eagle Home On 18 Acres With Pool And Huge Shop 2074 W Pacific Ridge Dr MLS 98694485

Rare Eagle Home on 1.8 Acres, with Pool, and Huge Shop!2074 W Pacific Ridge Dr – MLS #98694485 Are you looking for the rare and hard to find home close to town, in a great established,

Read More

Open House In Hewett Park Sub Boise Idaho Saturday June 2nd

Open House in Hewett Park Boise Idaho Saturday June 2nd.  B-E-A-utiful, spacious and she'll be available this Saturday, June 2nd for your viewing pleasure! This Boise home has been well taken

Read More

How To Sell Your Idaho Home

http://casasdeidaho.valuedagent.com/purl/sellersI help sellers determine a plan for selling their home. What is the motivation behind the sale of their home and what is their next step? Once weâ€

Read More