40102 n old stage rd. Cave Creek AZ Zestimate is being manipulated.

Profile picture for dougf55555
This property shows a million dollar increase in a month. Does advertising on Zillow increase the Zestimate?  The 1 year graph is faked. Your Zestimates on 2/1/11 forward have been changed retrocatively.I live next door in a similar house which closely tracked the price of this listing. Now the house listed for sale on Zillow is worth twice as much? If I were to list my house for 2.2 million would you double my Zestimate. Can Zillow be trusted?
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June 26 2011 - Cave Creek
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Answers (3)

Profile picture for wetdawgs
It looks like someone (owner or agent) has updated the home facts on the property.   This updating added additional information that may be contributing to the apparent sudden jump in the Zestimate.  
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June 27 2011
Profile picture for TucsonSpirit
Zillow has recalculated their "zestimates" and honestly, they never have been considered accurate nor up to date.  What do you mean  by "trust"?  Zillow is a FOR PROFIT COMPANY, and they have a Guestimate for nearly every single property in USA, how accurate do you think that could be?
FYI, no one in the real estate industry uses Zillow's Guestimate, oops I mean "Zestimate" for anything, not for setting value.   We know their numbers are about as accurate as a drunk mule picking your properties value.
Best of luck.
Spirit
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June 27 2011
Profile picture for MyaBerlyant

Zillow announced zestimate improvements on June 13, 2011
See the following

http://www.zillow.com/wikipages/Zestimate-Improvements/

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June 26 2011
 

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