Profile picture for herbuk

50% increase in Zillow estiame in 1 week

I have been monitoring property in Nokomis, in particular Casey Key Rd, and within the last few days there has been a 50% increase in your estimates with the history curve changing rather dramatically as well. I am curious why suach a dramatic adjustment? 
  • June 15 2011 - Nokomis
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Answers (3)

Profile picture for TTORMEY59
It is absolutely crazy what they think these house's are worth, no other state in the nation has even come close to rebounding from the Real Estate bomb that hit us, the Banks took us there and now the real estate agents, Zillow are pricing homes so out of range and focus, that It will happen again, the Rich get richer and there won't be a middle class, just the poor. the worst part of this is the Auction sites for some of these homes won't even allow you to inspect or see the home, and this is whom the banks are letting have control of the sale of these homes. This is not California, its Florida, and most people here are on fixed incomes, and trying to get by, lost tons on money with investors and now are trying to invest in Real estate with what they have left, and you can't even see inside of these Auction Homes, Like I said only the rich can now afford to do that, and they are who controls the pricing. Wake up America,
  • November 04 2014
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Profile picture for herbuk

You might consider putting out a general announcement. For those of us tracking property, the significant change was very disturbing. User submitted facts, I hope there is a validation process otherwise the integrity of your estimates was just compromised.

  • June 16 2011
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Hi Herbuck,
Thanks for using Zillow. We recently changed our algorithm to include user submitted facts on more than 28 Million homes which we have gathered over the years. The new algorithm was dated back to 2006. This is why you see the change in history.

You can learn more through these links:

http://www.zillow.com/wikipages/Zestimate-Improvements/
http://www.zillow.com/blog/research/2011/06/14/upgrading-the-zestimate/
http://www.zillow.com/blog/2011-06-14/zillow-expands-and-improves-database-of-homes/
  • June 15 2011
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