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Zestimate drop 89% in one month???

7949 Caminito Dia, Unit #2, San Diego CA 92122.

Last month Zestimate was $325,500. This month it is now $35,100.

Rent estimate is $1853/month. So, value is only 1.5 time annual rent? Has the market condition deteriorated so much so fast?
  • July 26 2011 - University City
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Answers (2)

Welcome to the world of Zestimates....yours is one of millions of inaccurate Zestimates.  This is an extreme drop and will eventually correct itself (hopefully), but in the meantime what you can do to help the situation is Claim your home under the Edit feature.  You can then update facts and features of your specific property, as well as update the map location.  This is critical because Zillow uses comps based on the property's location, and I've seen many properties that were mapped incorrectly.  After you've made these changes your Zestimate should be much more accurate.  If not, you can email Zillow and escalate it.

Good Luck! 
  • September 05 2011
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I wouldn't worry about it, looks like there's a glitch somewhere. Even if a feed from another site is affecting the Zestimate, it in no way affects the actual market value of your home, since neither appraisers nor real estate agents use them for real estate transactions.
  • July 26 2011
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