Santa Cruz County Home & Community Information

head_left_image

How Accurate is Zillow in Santa Cruz County?

HOW ACCURATE IS ZILLOW IN SANTA CRUZ COUNTY?

 

The accuracy of a Zillow Zestimate for a home's value varies widely depending on where in the country your home is located.  In Santa Cruz county we have really diverse Real Estate and properties with ocean views.  Homes with ocean views sell for much more on average than homes with out and Zillow does not know if a home has an ocean view.

Another factor in our Santa Cruz county Real Estate is that many of our homes here are older and in original condition while others are upgraded nicley.  That is another important factor in a home's value and Zillow does not go inside your home to see what the upgrades are.  In Santa Cruz county you can literately have a $1.5 million dollar home right next to an $800,000 home.

 

So how accurate is a Zillow Zestimate of your home's value in Santa Cruz county?

Buried in Zillow's website there is a section that actually lists the data on their accuracy by county.  In Santa Cruz Zillow is only within 5% of the actual sales price 30% of the time.  That is terrible!  Zillow is within 10% of the sales price 56% of the time and within 20% of the actual sales price 80% of the time.  

For example let's say Zillow says your home is worth $1,000,000 dollars - they could easily be off by 20%. That is a $200,000 swing!

There is no way Zillow can be very accurate with a home's value in Santa Cruz county - we just have to many unique factors here that affect a home's value.  I would not expect them to be very accurate.  Where I think they are really misleading the public is by not stating their accuracy rates right along with the Zestimate.  

If you want to know the true value of your home I would not recommend even looking at Zillow because it is so misleading.

As a local Santa Cruz Realtor I provide homeowners with accurate, real home value estimates that are based on actual comparable sales and our unique market factors in Santa Cruz.

 

Visit here for a Free Santa Cruz Home Valuation or contact Jessica Wallace - Your Santa Cruz Realtor at 831.419.9345 - yoursantacruzagent@gmail.com  and let me know a little about your home.

 

 

Google

Authored by Jessica Wallace, Santa Cruz Realtor

 
Search Santa Cruz Homes For Sale
 
What is your home worth?
Search All Homes For Sale
See Recently Sold Santa Cruz Homes
 
 
MY REVIEWS
 
 
 
Jessica Wallace
Realtor
Coldwell Banker
831 419 9345
Licensed In: Ca
License #: 01455690
Contact Me

You Can Also Visit Us At:      
 

Comment balloon 0 commentsJessica Wallace • January 17 2016 11:38AM

Comments

This blog does not allow anonymous comments