Profile picture for Hdrtyu

Why does my homes zestimate go down while my neighbors goes up?

Each month my homes zestimate goes down why all my neighbors seam to go up or stay the same. I live on a small coldisac. There have not been any major home improvements on the street in the past 18+ months. My address is 23221 ladrillo street Woodland hills ca 91367
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 24 2010 - Los Angeles
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (3)

The Zestimate has good intentions, but in its present form it should be used for entertainment value only.  There are so many variables that effect local markets that trying to establish value using a generic national formula has proven to be ineffective.  My suggestion is to not worry about your Zestimate as no real estate professional is using it to value property.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 29 2010
Always take into consideration that a zestimate is merely what it says it is, an estimate. It will fluctuate and its inaccuracies can be off by as much as 20%. Make sure to always ask for a CMA (Comparative Market Analysis) from a Real Estate Professional to get a better valuation of your home.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 24 2010
Profile picture for wetdawgs

The Zestimate for your house as well as the neighbors' houses appear to be tracking in parallel with your local zip code.  If you are seeing some weeks yours goes down and at the same time the neighbors' go up, it is just the noise of a stastical estimate model.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
November 24 2010
 
Related Questions
How do I edit the Home Description?
Profile picture for mvainer
Latest answer by mvainer
March 08 | 5 answers
Problem uploading Pictures
Profile picture for ADMMaterials
Latest answer by ADMMaterials
August 12 2013 | 2 answers
Make Me Move isn't responding
Profile picture for Mona Cohen
Latest answer by Mona Cohen
April 25 2013 | 1 answers
Trying to list for sale, but zillow 'phone problem' not calling me - any explanations?
Profile picture for Ice L.
Latest answer by Ice L.
March 25 2013 | 1 answers
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 4845 Rubio Ave, Encino, CA Home For Sale
    4845 Rubio Ave, Encino, CA 91436

     For Sale: $749,000

    • Beds: 3
    • Sqft: 1101
    • Baths: 1.75
    • Lot: 8251
  2. 5331 3rd Ave, Los Angeles, CA Home For Sale
    5331 3rd Ave, Los Angeles, CA 90043

     For Sale: $285,000

    • Beds: 3
    • Sqft: 1302
    • Baths: 2.0
    • Lot: 5227
  3. 420 S Westgate Ave, Los Angeles, CA Home For Sale
    420 S Westgate Ave, Los Angeles, CA 90049

     For Sale: $2,000,000

    • Beds: 3
    • Sqft: 2856
    • Baths: 4.0
    • Lot: 6969