This week Real Living announced they are going to put all of the Real Living listings on Zillow now...
I've had a "love/hate" make that a "luke warm acceptance / not fond of " relationship with Zillow since before Zillow was public. I have flip flopped a few times...
Don't make me defend Zillow!
On TechCrunch I read an 8.5 to 9 million dollar Columbus Ohio home is Zestimated at 1.5 million dollars? Really? That's seriously out of whack. That seller has certainly been "Zillowed" huh?
A comment on a TechCrunch post...about Zillow
# Erick January 10th, 2008 at 10:25 am
I have a friend who's parents own one of the most expensive houses in Columbus OH. They are selling it for 8.5-9 million dollars. Zillow zestimates it at 1.5 or so. That's REALLY lame. I dont understand the issue since the comparibles in the area are around the 4 to 5 million dollars i believe so 1.5 just seems real off.
February 2006 - The very first day that Zillow ever was... there were Real Living ads on Zillow.com. Not ads for properties, Zillow did not have ads for properties at first. The ads were ads for Real Living Franchise. Good exposure.
September 2006 - Real Living started added Zillows AVM - Zestimates to their sites. Zillow and Real Living were partners.
December 2006 Real Living pulled the Zillow AVM off the company websites, when Zillow announced they were adding listings to their site, making Zillow a place for consumers to search for homes for sale.
January 16, 2008 Real Living announced they are putting all of our listings on Zillow for better exposure for our sellers. Change... I set up an account on Zillow on January 16, 2008.
TechCrunch last week... Erick and the 8.5 to 9 million dollar home in Columbus that is Zestimated at 1.5 million dollars? Read more about it here... Lifestyles of the Rich and Famous edit title changed to Zillow values $8.5 - $9 million home at $1.5 million?
Look for Central Ohio homes priced at 5 million dollars and above here: Search Central Ohio Homes
It's not a long list. You can pull the Zestimates yourself on Zillow, for the two New Albany Ohio homes on the market priced over 7 million dollars. The Zestimates are low compared to the list prices of the two homes priced over 5 million dollars in Central Ohio today, but neither is Zestimated at 1.5 million dollars. Maybe the Zestimate was 1.5 million dollars and was corrected but the Zestimates now are close to the auditors tax values of the homes. The homes are valued over 4 million dollars. That's a lot of money in Central Ohio.
Erik's Columbus Ohio Zillow story is a great story... but it's wrong. I hate to defend Zillow!