Profile picture for jontay45

How is the value range derived

  • October 02 2009 - La Jolla
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Answers (2)

Best Answer

Profile picture for Ice L.
  • Ice L.Zillow
  • 16350 contributions
Hi jontay45 -

Value range is derived from the Zestimate. It gives users a general idea of how confident we are in the particular Zestimate they are looking at. If you doubt the accuracy of Zestimate, it is the first place you can check. A very wide range indicates that we'd probably agree with you. A narrow range is a clue that we have good track record of accuracy in that area (vs. sales prices) and that we're more confident in the Zestimate.

Thank you.
  • October 02 2009
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Profile picture for Mr Caveat
in other words the value range MORE ACCURATELY estimates(describes) the value of the house by applying a margin of error to the zestimate which is likely to be off a fair bit.
  • October 02 2009
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