An Update on Debunking Zillow
Last year I created a page on my website about Zillow's misleading and unreliable data about Sarasota real estate. As I wait for the football games to start, I thought it might be a good time to get updated information from my friends at Zillow, who love to misinform real estate buyers about price trends in our fair hamlet. Zillow reported an 18% decline in real estate sales prices for Sarasota in 2011 versus 2010. MLS data showed the median sales price was flat in 2011, the sign of a market that had hit bottom. Zillow's data for 2012 is even more perplexing. They reported the median sales price in 2011 was $130,000. They now report a 2012 median sales price of $220,000, a whopping 74 % increase over 2011. Wow. I wish that was the truth. Even so, 2012 was a nice recovery for our area, with MLS data showing the median sales price in Sarasota County was $155,000 versus $135,000 2011. Can you really trust such wildly fluctuating data from Zillow? ...