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What about those Zestimates? A tale of one listing, two Zestimates
What about those Zestimates? Enter: Same Day, Same Listings, Two Feeds, Two ZestimatesWhen about to sit open house for a listing last week, my client asked me to advertise the open house on Zillow. Unlike primary home markets where buyers often look on Saturdays and Sundays, here, we find that most vacation properties are often only available between guest check out and check in, and it can be any day of the week. Open Houses can be hard to find, as the resorts don't allow signage.
While looking through Zillow together, my clients and I noticed that all of my listings are syndicated twice. While I'm not sure why this is, I am guessing that the listings are being fed through my brokerage firm's network of sites and our MLS. We checked the Zestimates and popularity of their listing and they were shocked by the difference: Zestimate 1: $1,293,865
Zestimate 2: $1,774,332
This is a whopping $480,467 and 45% difference in value for the SAME property on the SAME day at the SAME time. So how accurate can these Zestimates be?
Photo above is a Side by Side Comparison: Same Listing, Same Day, Same Time, Different Zillow Feed. Different Zestimate.
I checked listings in different resort complexes and found the ... more
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