Price estimate for any property, full history for any building, street or suburb. So far the inventory of homes isn’t so high that prices are dropping and homes are just sitting on the market. Folks, there is a reason why Zillow is the #1 most visited real estate website on the internet. Local real estate agents may provide a CMA for little or no cost, but be aware: They may do so with hopes of being hired as your selling agent.
This value can change over time based on improvements to the property, as well as changes in your neighbourhood and the overall housing market. California homes with solar photovoltaic (PV) systems sell for a $17,000 premium over homes without solar systems, according to research from the U.S. Department of Energy’s Lawrence Berkeley National Laboratory.
Real Estate ABC also offers a mortgage finder, if you’re looking to buy. Being within a mile of a surf break (a spot where surf-able waves happen) adds about $106,000 to a home’s value, according to surfonomics experts at the Monterey Institute of International Studies.
This was also true of some cities in the Rust Belt such as Detroit 65 and Cleveland , 66 where weak local economies had produced little house price appreciation early in the decade but still saw declining values and increased foreclosures in 2007. Agents continue to point to the shortage of new homes being built as a key reason for escalating prices.
Zillow’s value, known as a Zestimate,” is a home valuation algorithm that looks at the recent sale prices of similar properties gathered from public records, such as tax assessments, as well as user-submitted data. Median prices for single-family homes and condos hit a record $266,000 this spring, up 6% from a year ago.