So, from this, can I infer Zillow is pretty accurate?
You’re looking at rear view mirror trying to see what’s coming next. It’s not a completely pointless activity but you must realize it’s limitations
No, I’m really not. I’m asking if anyone living there can verify/confirm the accuracy of the data being supplied by Zillow.
Zillow isn't a magic tool that'll predict the future. Its modeling is flawed. Like any other model. C'mon, man.
I don’t know about future, but it’s been definitely true for last one year. The prices have gone down, and the overbidding war has also reduced.
That's right , not only for the bay area.
Redfin is more accurate than Zillow. The home values have dropped by 6-7% not by 15%. Zillow's prediction is also very aggressive.
Definitely down by 10% in last one year. But no one can predict the future.
Its predicted to drop for next year too
I think it’s down but not by that much
10% is believable, I've seen 5-6% drop. But this could all due to less desirable properties being dumped on the market dragging down the median price. Good condition homes with curb appeal, attractive staging etc.. still hold up in prices.
This is the home recently sold in Sunnyvale that I posted above.
This house sold for 2.2mil wow
OP are you looking in that area