Need to be able to exclude foreclosure sales from negatively skewing sales metrics. That possible?

Profile picture for TLKniteOWL
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August 12 2011 - Englewood
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Answers (3)

Profile picture for TLKniteOWL
I'm not looking for the Real Estate industry answer to my posed question. Simply put, there are a variety of check boxes to include/exclude on zillow to present the metrics with/without certain criteria. Being a computer programmer myself, I am merely suggesting they add an identifier which can include/exclude foreclosure sales so I can see the median price in my zip code area for which non-foreclosure homes are selling. I have no use for skewing and diluting a statistical analysis with any low-ball foreclosure sale prices. I've never had a merchant drop the price of a car or a basket of fruit just because the one next to it was re-po'd or rotten. I'm just like any other manager I ever worked for ... I want to see only those numbers reflected in the analysis that I choose to see on a specific set/subset of data. 
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August 12 2011
Profile picture for ABBAUSA
Foreclosures, Short Sales, etc......
Regular Fair Market Sales

All of the above makeup a composite value of the current value of your real estate.

In my area (south east texas) values have gone down.
It is very hard to come up with the true value, but to me all sales have to be factored in.
If you exclude the negative you don't have the true value do you?

Good Luck!

James Callas - Realtor®
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August 12 2011
Profile picture for Charles ER Moore
I can exclude bank owned sales when running sales stats in MLS, but I doubt you can do that on Zillow. Plus Zillow does not show the net number after seller concessions.
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August 12 2011
 

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