1627 East Valley Road sold on March, 27, 2018 for $35,000,000. Zillow's (Z)estimate of the property's value was off by only $28,220,637? Zillow's Zestimate was $6,220,363?
Any thoughts on Zillow, it's Zestimates, or Zillow's credibility?
Santa Barbara Real Estate News For the Real Estate Curious:
Some interesting Statistics for southern Santa Barbara from March 1, 2018 to March 31, 2018
Home Sales: 82 Properties Sold during this time. The highest sale was 1627 East Valley Road in Montecito for $35,000,000. The lowest price sale was 100 Paradise Road for $150,000.
The median price for sales for March 2018 was $1,300,000.
Condominium Sales: The highest sale for Condos was $2,525,000 for 27 Seaview in Montecito. The lowest price sale was 2727 Miradero Drive unit 309 for $520,000. The median price for condominium sales was $785,000.