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Why are there two different listings for our property?

Hi,

I live at 20 Willow Avenue in Salem, MA. It's 3 unit condo building. For some reason our property shows up twice on your website.  And the zillow estimates are VERY different for both. 

Just wondering why there are two different listings and why they're so different.

Thanks
  • October 25 2012 - Salem
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Answers (1)

Hi,

One of the issues with Zillow and some of the other real estate web sites that consolidate their information from several different sources is that there can be inaccuracies in the data they receive. In the case of your condo, they pulled info from MLS and from public records. Because the addresses didn't match exactly (One was"#3" and the other "Unit 3"), the automated program that Zillow uses assumed that they were two different properties.

The reason the estimates are off is because Zestimates are not an exact science. They rely only on the data they receive, without regard to condition, improvements, etc. No one but Zillow knows the exact formula they use for arriving at their valuations. The two Zestimates on your condo are only $9,000 apart. That's actually pretty good for an automated estimate. The only way to get something more accurate is to pay an appraiser or have a Realtor do a market analysis. A Zestimate might be a good starting point, just don't rely on it too heavily. I know the Zillow estimate for my home is $30,000 less than its actual value (about 10% off).
  • October 26 2012
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