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Accuracy of Zillow Zestimates
Have you ever wondered about the accuracy of Zillow Estimates? Well, Zillow actually provides that information on their website. The answer is Not Very Accurate. Zillow actually tells visitors that the Zestimate is just the beginning step. And that real estate professionals can give you a much more accurate picture.
So the answer about Zillow's accuracy for Denver is that only 45.4% of the time, the Denver area Zestimates are within 5% of the sale of that property. 90% of the time, the Zestimates are within 20% of the sale price. Translated, that means if your home is worth $300,000, the Zestimate is within the range of $240,000 to $360,000. Not very accurate.
If you want a more accurate assessment, call or text me at 303-944-1153 with the address of the home that you want valued and your contact information.
So the answer about Zillow's accuracy for Denver is that only 45.4% of the time, the Denver area Zestimates are within 5% of the sale of that property. 90% of the time, the Zestimates are within 20% of the sale price. Translated, that means if your home is worth $300,000, the Zestimate is within the range of $240,000 to $360,000. Not very accurate.
If you want a more accurate assessment, call or text me at 303-944-1153 with the address of the home that you want valued and your contact information.
