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Houses higher now than a couple of months ago

I am doign research on properties are in foreclosure which I looked up their value a couple of months ago and all of them are much higher now.
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August 01 2011 - Fountainbleau
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Profile picture for Pasadenan
The estimates ignore whether they are in foreclosure or not.  Zillow research indicates approximately a 30% difference between foreclosure values and non-distressed values.  Other locations indicate the difference may be 15%.  In any-case, Zillow excludes distressed sales from their modeling, thus values given are for non-distressed, average conditions and average amenities for the area.

As for any observed difference between now and a few months ago; Zillow changed their estimating modeling a couple months ago, so you are likely not comparing the same thing.


As for James, don't bother believing him as he claimed on another thread it is only random numbers with no significance of any kind.  In order for the market to be stabilizing, the foreclosure saturation level needs to be below 3%.
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August 01 2011
The market may be stabilizing in your area. This would cause an increase in the value of the homes you looked up recently.
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August 01 2011
 
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