Zillow has become a very popular real estate web site but the challenge I’ve always had with it is you can’t really trust the values it cranks out for houses.  My research has shown that it’s often within 10% of a homes value, but it’s just difficult to know which side of 10% is it on.

In the case of my listing at 4085 Shorewood Trail, the home’s value has jumped around on Zillow.  A couple of week’s ago when I checked, it was showing up at $1.34 million.   Today, it’s showing a value of $1.24 million.  However, the challenge is the home is now listed at $1,070,000.  It’s been on the market for 96 days.

So who’s closer to being correct on the price?  Zillow or me?  As a professional, full time real estate agent, I work this market every day and I take my pricing very seriously.  I’m sure it’s difficult for homeowners across the country if they look to Zillow for a price and then call in an agent to give them a market analysis on their home.  I know I would be frustrated is there was this much disparity between what Zillow says my house might be worth and what some agent might think.