Why is my home value dropping while my neighbor's houses are going up?

Profile picture for dmi_auto
Help this makes no sense?? Local values are going up, my direct neighbors are going up but my house is losing zestimate value!!

Addressis 21912 NE Shaver St. Fairview OR 97024
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July 14 2010 - Fairview
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Answers (2)

Profile picture for kriskruse
Zestimates are of course estimates...and not always accurate to the real market values. There are many factors and different types of data used to estimate values, and data can vary widely from property to property.

The home nearby yours at 22165 NE Failing St. just sold for $255,000 two weeks ago. Most recent sales of similar homes nearby are one factor used in estimating current values.
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July 18 2010
Profile picture for Melina Tomson
The zestimate is just an formula to calculate value.  I wouldn't worry too much about the accuracy of it. 
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July 14 2010
 

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