Tuesday, December 18, 2012

Zillow and Zestimates in Texas

Zillow and Zestimates in Texas

The following information was taken off of Zillows website about the accuracy of their valuation in different markets.  Texas is a non disclosure state, meaning that the sales prices for real estate are not recorded as public information.  Each individual municipalities board of Realtors® keeps track of the actual sales prices of real estate and to gain access you must not only be a licensed real estate broker in the state of Texas but additionally a due paying member of the local board of Realtors®.  In order for a real estate broker to provide a non-licensee with specific MLS data there must be a written working relationship between the two parties.

To sum this article up, Zillow has no idea what the value of real estate is in Texas.  San Antonio has a one star accuracy, Houston one, Dallas two.  To try and make educated opinions based on these figures is completely ridiculous.  

    Atlanta, GA2.1M1.9M31.0%54.5%75.3%8.8%
    Baltimore, MD956.6K936.4K36.3%62.5%82.5%7.3%
    Boston, MA1.5M1.4M38.0%64.9%85.9%6.9%
    Chicago, IL3.3M3.2M31.8%55.3%76.6%8.7%
    Cincinnati, OH777.3K705.2K33.0%56.8%78.2%8.4%
    Cleveland, OH819.8K733.1K34.1%57.9%77.7%8.1%
    Dallas-Fort Worth, TX2.0M1.9M22.5%44.5%72.8%11.3%
    Denver, CO920.9K856.8K39.0%69.1%91.6%6.5%
    Detroit, MI1.8M1.7M27.6%50.5%75.7%9.9%
    Houston, TX2.0M1.8M--------
    Kansas City, MO714.0K405.7K--------
    Las Vegas, NV670.3K666.1K32.3%56.9%82.0%8.3%
    Los Angeles, CA3.1M2.9M35.3%62.4%85.8%7.5%
    Miami-Fort Lauderdale, FL2.5M2.4M29.5%53.8%78.2%9.1%
    Minneapolis-St Paul, MN1.2M1.1M32.3%58.8%84.1%8.0%
    New York, NY4.8M4.4M37.5%63.6%83.5%7.0%
    Orlando, FL865.2K777.4K29.5%54.9%78.8%8.9%
    Philadelphia, PA2.0M2.0M37.2%63.8%83.0%7.0%
    Phoenix, AZ1.6M1.5M24.3%46.0%74.8%11.0%
    Pittsburgh, PA935.6K873.5K33.3%56.4%76.6%8.3%
    Portland, OR766.9K732.7K36.6%63.8%87.5%7.2%
    Riverside, CA1.5M1.3M32.2%58.9%83.4%8.1%
    Sacramento, CA782.6K689.6K29.5%52.5%79.1%9.5%
    San Antonio, TX754.8K669.5K--------
    San Diego, CA972.9K831.8K38.5%66.3%88.9%6.8%
    San Francisco, CA1.3M1.2M28.3%53.4%81.4%9.2%
    Seattle, WA1.3M1.2M36.1%64.6%86.6%7.2%
    St. Louis, MO1.1M1.0M--------
    Tampa, FL1.2M1.2M31.5%55.7%78.3%8.6%
    Washington, DC1.8M1.8M43.1%71.7%90.4%5.9%


    1. Hi Ryan - Jay T from Zillow here. Since a large part of what Zillow uses in the Zestimate calculation is publicly available sold data, you're right that non-disclosure states like Texas present issues in establishing a Zestimate. That's exactly why we publish the accuracy table -- so everyone can see the data. Zestimates were never intended to replace a real estate professional. They are simply a starting place in the home valuation process.

    2. We should be more aware of what other things might change in property investment. Failing to succeed in your business may result to negative problems. We must ensure our success with our own capabilities. Use the knowledge you learn for this business.


    3. I found it quiet interesting ,Thank you for posting the great content…I was looking for something like this…, hopefully you will keep posting such blogs…

    4. This blog contains a lot of informative data and news which i first time read from here. Thanks for writing about this important topic

    5. Get the best range of houses with the San Antonio Homes for Sale which fulfills the thirst of the customer for buying a new house. The customers who are willing to get the best houses from a wide range of houses which is built for the customers to move in as the houses which are on sale have the complete interior done.

    6. specializes in digital marketing for real estate businesses, including home builders, realtors, and property managers. So, if you are realtors, just list your profile on Homeia for free and get your potential clients.buy houses atlanta

    7. Congratulations and the Dovercourt Estate Agents wish you all the best and most success in getting the word out about your services with your new website! Internet marketing for real estate work is really so important and it's great to see you have your page out! We buy houses in Atlanta

    8. I would like to say that this blog really convinced me! Thanks, very good post.

    9. I must to go by and convince you I enjoy reading through your website. We appreciate you every one of your valuable tips. https://royalcbd.com/product/cbd-oil-1000mg/