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Zestimate Modification Date

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Gregory14

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Does anyone know on what date of the month, or how frequently the Zestimate on any particular single property is modified?
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September 27 2007 - US
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Drew Meyers, "Drew"

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On the home details page of whatever property you are looking at, there is a "last updated date" a couple lines below the zestimate module on the lower right of the page.
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September 27 2007
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kacampana

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Zillow used to update the Zestimates quite often. Now it has not been done since Sept 11. Moving forward, how often/frequently will it be done? This is the second part of the original question.
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October 08 2007
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szuszics

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Yes, I'm wondering too if anyone at Zillow.com could give us a pointer here.
Even if the numbers are not the most accurate, it was interesting to see at least the general direction of the movement a little more frequently. Twice a month (regularly not in average) would be nice especially these unstable times. Does this slowdown in updates mean that Zillow.com is phasing out or is it a planned perhaps temporary slowdown.
In other note, please ignore the whiners about Zillow.com's inaccuracy. Everybody in their right mind knows that estimating home values is not an exact science and yes there will be mistakes made unless someone is willing to put down the money every couple weeks for an official appraisal.
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October 08 2007
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Drew Meyers, "Drew"

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At this point, we are trying to update Zestimates once a week. The frequency of updates has nothing to do with the state of the market -- the reasons we haven't updated Zestimates every week recently are all technical issues.
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October 08 2007
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Walstra

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What would be really nice is if the "last updated" date were somewhere on the front Zillow page. I occasionally like to compare a list of several properties, and the only way to see if there is an update (besides memorizing the existing Zestimates) is click on one and then look for that tiny "last updated" string. Why not put this apparently global date smack-dab on the Zillow.com front page (or even on the My Zillow tab. . .)?
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October 08 2007
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luddite

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here's the truth folks (and "drew")...

the zillow algorithm, somewhere in its obscure depths, divides some quantity by the number of homes sold in an area. In recent weeks, this numer has been, well, ZERO.

divide by zero and the whole darn thing blows up on ya, see!

what zillow needs are good programmers. look at the maps guys - you show one price on a map, and then when you click on the property its a totally different price.

so when that divide by zero happens, the zilly algorizm juz makez up ze numberz....mozt timez theyz juz plain wrongzzzzzz
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October 08 2007
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kacampana

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To Drew...yes I know Zillow used to update weekly since I have monitored your site since May 2006. You say they will be returning to that format, but when should the viewers expect that to happen? Technical issues are always a problem but clearly the powers that be at Zillow have asked your IT people for some answers!
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October 09 2007
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Drew Meyers, "Drew"

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luddite-
Do you have a specific property where you have seen the map price different than the price on the home details page? If so, please post it here so that we can look into it. As I said before, the delays have nothing to do with the number of sales occurring in an area.
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October 09 2007
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luddite

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"drew"

you've got to be kidding right?

aw shucks, forgot - you're the zilly frontman - the guy who pretendz itz the firzt time he'z zeen the problem...

anyway, why don't you visit los angeles and zoom in to any old location/street. pick a home, any home. its got a price on it, right? along with all the nighboring homes, right? well, click on that home then - go on...see - the price aint the same anymore...wassup dudes....
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October 09 2007
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Drew Meyers, "Drew"

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luddite-
For the record, this is the 1st I've heard of differing zestimates on the map and the home details page for the same house. Unless you have a specific property for us to look at, we can't help you.
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October 09 2007
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luddite

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ok "drew", you really want to be difficult dont you? not a very good posterboy for your outfit, now, really, making US do all the work. is that the development model now?

try this one, honey:

1333 n. orange dr
los angeles, CA 90028

by the way, i got this home by typing "los angeles" in the city/state/ZIp search box, hitting enter and max zooming into the los angeles area map. the house is right there in the middle of the screen. $838K on the map; $866K when you click on it. works the same for any house any bl**dy where.
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October 09 2007
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kacampana

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Drew you did not answer my question from earlier today but have gotten into a running discussion with luddite!! Can I have my question answered?

"You say they will be returning to that format, but when should the viewers expect that to happen? "
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October 09 2007
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Drew Meyers, "Drew"

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kacampana-
I can't give any promises as to exactly when. I've told you weekly zestimate updates is definitely the goal and we'll get back to doing them as quickly as possible.
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October 09 2007
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hintonmj

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Do you have an ETA on the next update? I've been anxious. :-)
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October 09 2007
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kacampana

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Thanks Drew....guess everyone is waiting on the new figures. Just goes to show you how popular your site has become to all of us! Your team is doing a good job so keep up the good work......AND GET THOSE NEW FIGURES POSTED!!!!!!
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October 10 2007
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luddite

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ah "drew" baby

your kid fixed the map/details cost bug i see...

what? no thanks to the gal who points out such a glaring error?
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October 10 2007
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deenibeeni

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Question: Is the regular monthly or weekly update for *price change* the same update that will include *corrected assessor information from the county?* It's been almost a year since I made the changes at the county office -- I was told this info is available to Zillow only once a year, after the tax bills come out -- which they now have. Will the next update incorporate all these changes? I'm getting tired of seeing a Zestimate for a house other than mine and only being able to see comps for this other older, smaller house (which was scraped 10 years ago in order to build mine) that I don't live in but which has my address. Thanks. I'm seeing that the last update was 9/11 - today is 10/11. Please tell me I won't have to wait even longer. It's already been 8 months. d.
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October 11 2007
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robinhg

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what is wrong with zillow? why no updates for a month???
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October 11 2007
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Kathy Hansen, "HomeBuyersAgent"

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Hey there, Drew.
Been waiting months now for some accurate Zillow figures in our area and the algo fixes we were promised.
According to Zillow, every home along our stretch has supposedly increased in value except for the neighbor just across the street and our own home, which have fallen in the numbers although they are the exact same vintage & configuration as everybody else (if not better).
Activity along this stretch (refi, sale, fc) has been ZERO so why are the numbers being adjusted (a) at all and (b) inconsistently?
Just fyi, Zillow is as incorrect as ever. I can understand why folks are starting to complain to your advertisers.
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October 11 2007
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John1228

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Zillow stopped updating bi-weekly when the market tanked. What did they get a call from Bernanke; - "Guy's your killing us by showing everyone so clearly that the real estate market is falling off a cliff, how about making up some inflated values or just stop changing them for a while?"


I'm sure the realtors are calling too: "Hey you want us to yank our ads"

And home owners just feel sick as dogs when they look. So they just stop looking. None of this is good for business.

Solution:

The big 30 day price change went from the top of the page to the bottom and from BIG BOLD type to very little hard to find type.
Also around the same time the Zestimates became curiously high and lost any relationship to sales in the area. I think the updates are monthly 'if you are lucky' now under the theory that yesterday's prices are certainly better than today's.

Come on guys - technical problems - no.
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October 11 2007
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luddite

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john

i 'gree, i 'gree !

zillers bizness model is under fire from their advert conztituentcy. workz fantaztically in a manic market, but iz zeverely compromized in sucky climez. so what does a ziller do....freeze, of course!

i'll be a fanagain when zil can stand up to the realtorz(TM) & hook up with an outfit like realtytrac or foreclosureradar to challenge the dominance of the MLS crew...

.
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October 11 2007
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Spleng

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"The big 30 day price change went from the top of the page to the bottom and from BIG BOLD type to very little hard to find type."

Yes this was a hilarious change!
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October 11 2007
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Hi Drew,
Can you give us an an example of a "technical problem" that you are experiencing which is now taking more than a month to fix?
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October 16 2007
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luddite

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heehee jrink...

youze knowz, az well az all of uz,

the "technical" problem is that zillow'z just hibernatin' for the fall...
their kiddo "algorithm" blowz up when sales drop abyzzmally.
think divide by zero (zero being number of recent sales)

alzo, severe pressure on reveniez from realtor(TM) advertz - "keep your valuationz up or elze we'll pull out..."
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October 17 2007
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luddite

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.
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October 17 2007
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tealblue

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Hi Drew,
We miss the updates on zillow. Do you need any help with the technical problems?
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October 17 2007
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Drew Meyers, "Drew"

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tealblue-
I can't give any specifics other than what is in this thread - http://www.zillow.com/forum/site/ViewThread.htm?tid=9143
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October 17 2007
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Bianco

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Holly molly, its like people who want to see ghost. Ghost don't want to show themselves cause you would probably get a heart attack if ya did see what they were about. P.S. Very scary.
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October 18 2007
 

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