condo apprecitate while all others are going down in value, why???

Profile picture for zorba38
480 nw 76 ave apt 203 margate florida has appreciated in value by zillow  by 30k in a few months while all others comparable in area have depreciated, WHY????
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December 29 2011 - Margate
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Profile picture for sunnyview
That house chart here looks fishy to me too based on the recent nearby sales here. I saw nothing similar selling for what Zillow is valuing that condo at, but I see no edited facts that might be causing the spike.
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January 02
Profile picture for zorba38
So, if i put my property up for sale it will spike my so called zestimate up to a substantial amount. This property we are talking about was estimated at around 45k six months ago. Now, while all othe properties are flat or mostly falling, this property is being estimated at a rediculous rate 96k.. You say take zillow with a grain of salt, so why bother with zillow if that's the case. I still think something is fishy. 
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January 02
Profile picture for SoCal Appraiser
DONT look at the individual Zestimate, only the area's trend line - which is flat to declining - to estimate the value of the property. The spike appears to be due to the listing on 10/20/2011, another reason to take the Zestimate with a grain of salt.
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January 01
 

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