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Replies (1)
- David Gowans, "David Gowans"
- Contributions:83
First let me say that Zillow are just a "ballpark" figure, and they don't mean anything to banks, appraisers, Realtors or buyers that know their market. I always try to encourage people not to worry about zillow numbers, because when we do the inspections for lenders (appraisals and BPO's) zillow numbers are not a factor.
As far as value goes, San Carlos is probably the strongest market on the Peninsula in terms of value retention over the last few years. I've done several CMA's in the last few days (1 up off Club Dr and another on Devonshire, to name the most recent) and I've found that these homes should be at about the same value as they were at the market high in 2007-2008.
The proof is the recent sales, as you pointed out. The truth is, San Carlos has a very high demand from buyers and that has fueled it's retention of value. There are exceptions to everything, of course. There are still plenty of foreclosures out there that do affect value... but they appeal in San Carlos much less often than Redwood City and San Mateo.
Anyway, best way to get a real value is hire an appraiser (about $500), or get a Realtor to give you a good, thorough CMA.
David Gowans
As far as value goes, San Carlos is probably the strongest market on the Peninsula in terms of value retention over the last few years. I've done several CMA's in the last few days (1 up off Club Dr and another on Devonshire, to name the most recent) and I've found that these homes should be at about the same value as they were at the market high in 2007-2008.
The proof is the recent sales, as you pointed out. The truth is, San Carlos has a very high demand from buyers and that has fueled it's retention of value. There are exceptions to everything, of course. There are still plenty of foreclosures out there that do affect value... but they appeal in San Carlos much less often than Redwood City and San Mateo.
Anyway, best way to get a real value is hire an appraiser (about $500), or get a Realtor to give you a good, thorough CMA.
David Gowans
zillow is currently claiming my abode is worth $100-150k more than comparable sales would indicate.
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