In addition to California , the new study investigates home pricing trends Connecticut , Florida , Massachusetts , Maryland , North Carolina , New York and Pennsylvania by analyzing the sales of over 20,000 homes in these states. Both in the Bay Area and elsewhere in the United States, demand has historically been quite strong. I can’t stand how Zillow profits off of selling zip codes they don’t own to us. I despise how they use our listings as the bait. These expectations largely mirror what has happened to U.S. home values over the past 10 years, with declines between 2007 and 2011, and increases beginning in 2012 and continuing since then.
Americans’ optimism about home values continues to recover from where it was after the housing bust and recession. Zillow also shows you the way prices are trending, either up or down, in a particular area. With U.S. home values showing consistent increases over the past five years after several years of decline, Americans expect local home prices to continue to rise.
The Zestimate’s accuracy depends on location and availability of data in an area. Square footage, basement, structural upgrades etc.) and then make comparisons to other houses that have sold in the area during the previous 3 to 6 month period. Assessed values in the City of Vancouver have risen 30.6 per cent on average for all types of housing.
We had a very successful Broker’s Open today at 1395 Riverside Circle in Wellington Florida. Location plays a huge role in your home’s value, and similarly sized homes in the same area usually sell for around the same amount — regardless of fancy upgrades such as pools or outdoor kitchens.
While housing prices have increased in major metropolitan areas across America, the greatest percentage growth in home prices since 1998 has been in California, specifically in Los Angeles and the Bay Area. Lord knows how many real estate agents I have talked with about real estate values who’s numbers were far less accurate than Zillow-but real estate agents get to toss around numbers and never provide any information on their accuracy track record.