The stats are giving me the same results…no concensus. I don’t like to post a bunch of stats that tell no story. Generally if all the houses are the same and built at the same time in the area (newer construction development), the zestimate is more accurate than for most of Seattle. Negatives like “on a busy road” or “freeway noise” is not accounted for, but then even appraisers do not discount those as much as actual buyers do.

land values are always supply and demand driven and assessed values are somewhat meaningless for that reason. When no one wants vacant land…it still has an re tax, but technically has no value.

Jillayne…”0.7%” is not a value change. Every property has 5% this way or that. Up to a full 3% can be “hidden concessions” in a comp. I totally agree that people want info without having to talk to anyone. I recently signed up for a free trial of a pdf document converter…liked it…and bought it. I then did the same for docusign and it said “someone will call you”. I ignored the call as any “online” service should be able to show it to me without having to “talk me into it”.

We are fast becoming a nation of “show me” and “NO, you can’t talk to me, because you are going to twist my arm…and generally annoy me”

Zillow also tells me when my Zestimate goes down, too. Can NWMLS Member sites do this if I sign up with them?

Maybe, but then I’d be bombared with emails from agents.

I’m glad to see someone finally raised the real issue here and I thank you. That issue being, factual information vs. erronious information / misrepresentation, and how the dissemination of that information can be helpful or detrimental.

I’m all for expanding current marketing opportunities and introducing new ones that improve performance. However, those same opportunities of resource must be kept in check. Truth is the basis of trust. When that sense of trust is breached, we all must question the reliability of the source.

Not finished my data…will get that post up tomorrow.

Then I come over here and that’s exactly what’s happening.

Between Ray educating about Price Line, the Frank with the 3,00 reviewed homes, in Arlington no less, and Ardell, forget about it.

Sellers are just trying to do something in a bad market. It’s not up to us to make snide comments about it. If you have a buyer, great, if you don’t, well, do something else.

I was upset before because buyer agents just don’t make cohesive offers, but whining about the price of property, or what were they thinking, is really counter productive.

Anything that doesn’t drive the consumer to an Agent and educates them has my approval. I could NOT stand Housevalues.com now (LEDR). My best friend worked there and I used to yell at him daily! Then Zillow came along…………..Bamm…The public spoke!

I hope Shatner held on to his Priceline shares … (but just between you and me … SELL)

(p.s., I think the Zillow one is too high, and the eppraisal one too low, but we’re not selling, so we’ll never know which was closer!)