Profile picture for usc
  • usc
  • 8 contributions

Why did my house in 92614 appreciate #40k in Sept, where every other zip code depreciated

Was there an error made in September to the zestimates in 92614 where homes appreciated on Racing Wind by 40K? Was this a correction from a previous miscalculation or the true market. 
  • October 17 2011 - Woodbridge
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Answers (2)

Profile picture for BobPhillipsRE
Hi USC,

Is Zillow's ( Inherently flawed.) Zestimate number important to you because you're about to buy or sell?  If so, II would seek out a more concise and authoritative source, such as a local Realtor, ( Free.) or appraiser. ( Fee.)
  • October 17 2011
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Looking at the Cottage Homes located within your tract area of Woodbridge, September had two closed sales - both are Carmel models selling within the lower $500k range. Previous to that sale was in July with an expanded Carmel model at $660k. To answer your question, according to closed data for your tract, prices have not increased in September. Zestimates are wonderful for estimated value. Thank you for such a great question. 
  • October 17 2011
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