This video will help you understand the accuracy of the Zillow Zestimate. In Big Bear Zillow’s Zestimates are often mislead by the different types of properties available. Zillow doesn’t know that your home is situated with a view of the ski slopes or lake. Zillow doesn’t know if your home sits on Big Bear Lake and has a boat dock. Zillow often uses comparables from Sugarloaf as comps. for homes in Moonridge since they are only a mile or two apart as a crow flies.
When we look at the statistics for Zillow accuracy for San Bernardino County we see:
2 out of 5 Stars for Zestimate Accuracy
99% of the homes are on Zillow
99% of the Homes have Zestimates
23% of the Zestimates are within 5% / or 77% are not.
43% of the Zestimates are within 10% / or 57% are not.
69% of the Zestimates are within 20% / or 31% are not.
12.1% Median Error
I believe that Zillow’s accuracy will improve as they compile more information. Currently market conditions are changing so fast that your home value is a moving target. It’s more important than ever to price your property correctly to create excitement in this volatile market.
If you want to discuss the Big Bear Real Estate Market, please give me a call.
I can show you any home for sale in Big Bear.
Associate, The Tim Wood Group
Coldwell Banker Mountain Gallery
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
909 866-3481 EXT. 217 CELL 909 725-5889
Fax 909 866-3531