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Why are the comps chosen from different neighborhoods?

I live in the Lochinvar sector in Ballantrae, in Pelham, Alabama, and the comps you are using are from different sections of this subdivision, and most often, aren't even in Ballantrae.  Why?
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September 30 2013 - Pelham
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Profile picture for Herodotus2012
if that is the method, it makes zestimates even more ridiculous
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October 03 2013
Profile picture for Pasadenan
Zillow doesn't use "comps" in their estimating method.  It is not a "comp" method.  See U.S. Patent #8,140,421.  The CEO of Zillow posted about 5 years ago, that the comp list referenced in the right margin was properties selected in the same county based on the Zestimate, not vice versa.  (I would look up the CEO's post if anyone was interested, but as they aren't I'm not going to spend the 5 minutes that it would take).

They make no attempt to match properties by neighborhood.  That is your own responsibility if you are interested in that.  Besides, the neighborhood boundaries used by Zillow are arbitrary and coordinated with local planning department people, and have very little to do with the neighborhood boundaries and definitions actually used by local residents.
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October 03 2013
Profile picture for Herodotus2012
no good reason

there is no answer and zillow won't respond.

it is in their algorithm and they don't care

zillow sells ads, it couldn't care less if they are using the wrong or blind comps.
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October 02 2013
 
Related Questions
Why are the comps chosen from different neighborhoods?
Profile picture for Herodotus2012
Latest answer by Herodotus2012
October 03 2013 | 3 answers
  • Asked by user0330899
  • In Zestimates
  • September 30 2013
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