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My home value on your site.

Hi, I was wondering why my neighbors house next door is valued on your site as $895,000 and my is only at $749,000?  We have the same size lot, same number of rooms, and our home is actually has more square feet.  We have an ocean view from two rooms. 
Best Regards,
Kim Franca and Claudio L Pires
1811 Via Pacifica, Aptos, CA 95003
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November 02 2012 - Aptos
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Thank you. I thought I was sending my e-mail to the company, not posting on an on line community. 
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November 28 2012
Hi Kim!  The algorithm that Zillow uses to calculate home values (the Zestimate, as they call it) is secret - nobody outside of Zillow knows how they come up with their numbers - to say it's a mystery is an understatement, as sometimes the values they come up with are real head scratchers, as in this case.  To learn more about the Zestimate, click here:

http://www.zillow.com/wikipages/What-is-a-Zestimate/

As Zillow says, their Zestimate is only a starting point in determining value, and they recommend that if you really want to know what your home is worth, ask a Realtor to provide you with a CMA (Comparative Market Analysis) - or get an appraisal, but that's going to cost you a few hundred dollars, whereas a CMA is typically fee.

Thanks Kim and Claudio, please let me know if I may be of further service.

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November 27 2012
 
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