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Zillow's Monthly Real Estate Report for Columbia, SC

By
Real Estate Agent with Russell & Jeffcoat Real Estate Corp.

Columbia, SC   According to Zillow's Real Estate Market Report for December 2010, Columbia home values were down 2.4% compared to December 2009.  While this statement is in the ball park, I find some of Zillow's local data to be laughable.  In some instances I have seen their estimates on home values to be off by $40,000.  If you really want an accurate local market valuation for a home, the property has to be compared to other similar properties.  Comparing it to the rental houses that were trashed in the neighborhood a half mile down the road doesn't work.  A good local Real Estate agent that is out there every day knows the area and will give you far better information on home values.

home for sale

Terry Edwards     New and Existing Home Sales

Russell & Jeffcoat Real Estate    

www.FeaturedColumbiaHomes.com

 

Columbia Real Estate & Business Report

 

Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi Terry

Well said.

Zillow is based on statistical algorythyms - great for general trends and averages. Not useful for the price of an individual home

Phil

Feb 21, 2011 09:27 PM
Maria Morton
Platinum Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Agreed, Zillow is an interesting novelty for people with a general interest in real estate data. Although it's not really useful for real- life decisions, they have intriguing graphics.

Apr 20, 2011 06:28 PM