Zillow Zestimates Inaccurate – LA Times Feb 8, 2014. The La Times reported “..disparities are a daily occurence.” Zillow CEO Spencer Ranscroft states Zestimates are a good starting point but nationwide there is a median error rate of about 8%. The story goes on to say that in some areas they are off by significantly more than that.
The Zestimates in the Santa Barbara real estate market are off significantly in many cases. A Zestimate is nothing more than an algorithm. If accurate data is not propagated, the Zestimate is inaccurate. It is very common to see inaccurate data used to access the Zestimate in the Santa Barbara real estate market.
For an accurate and complete valuation of your Santa Barbara home or a Santa Barbara home you would like to purchase, call or text Wendy Gragg at 805.453.3371 or email WGragg@DistinctiveRealEstateOnline.com
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