At Zillow, we released a new version of the website with an incredible amount real estate data available for free on the "Local Info" tab of the website. Real estate agents can get an edge by making use of this data.
I spent some time this morning checking out the Seattle home values page, and here are some findings.
First, let's take a 5-year look at the Seattle Zillow Home Value Index for Seattle plus 4 neighborhoods which I'll use throughout this analysis: Leschi, Madison Park, Madrona and Broadmoor.This gives a good long-term perspective on what's happening to the value of ALL homes in these neighborhoods over a 5-year time period. An agent could use this graph to help a client understand what's going on in a neighborhood.
Here's the 10-year look.
Here is the median value per sq ft for all of the homes (not just those that have sold) in the neighborhoods:
There are a million more ways to slice and dice the data. The bottom line is that there is a ton of free information available at Zillow. To get started, goto Zillow and click on the Local Info tab. Then search for a city and click on "Home Values" on the left side.
Check it out.