What Happened to your Estimates?

Profile picture for thomas.parks
I watched my home Zillow estimate of $239K last week go to $200K this week wiith your site reporting a $17K increase!
Florida  properties I have been tracking have Z-EST going from $381K to $684K in one week! With your history graph being modified to NOT show the lower ends. THIS INVALIDATES ALL ZILLOW ESTIMATES Prior & future! What the Heck are you doing? Tom Parks
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June 15 2011 - Ocean City
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Answers (3)

Profile picture for nbturner
The same thing has happend to me and I was tipped off by a friend of mine which checked about five houses all the wrong value...even the history is wrong...my house went from 347K to 309.
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June 15 2011
Profile picture for Cocojoe
Tom, I am with you.. the same thing happened to my home overnight.  Zillow in my opinion has no credibility at all.  They can't even justify to me how a home's value can change as much as 10 or even 20% overnight.  The only response I get from them is that they changed their algorithms and the new values just come out. They really don't have a clue on what they are doing.  They are basically valuing homes base on a math equation.  They must have some sort of politcal agenda.  I am going to start by contacting my congressman and letting them know what zillow is doing.
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June 15 2011
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Follow the link for more information.
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June 15 2011
 

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Profile picture for nbturner
QuestionWhat Happened to your Estimates?
  • Latest answer by nbturner
  • June 15 2011
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