A new site, CyberHomes, shows 98122 homes have steadily risen in average value over the last three years.
It's a pretty useful site, with information on demographics, schools, weather, etc. and has inforamtion on every homes as Zillow does. One graph I liked was house sales by age of home.
Some of the math is dubious. A house purchased in 2003 purchased for $400K near me is estimated at nearly $1.1 million, and the house has has little to no improvement. The house will not sell for that, so clearly they have some work to do.
3 comments:
Their site has the same incorrect info for my house that Zillow has. Much be coming from the same source. The actual home value estimate (or Zestimate as Zillow likes to call it) is different but in the same ballpark.
Well, check out any other ZIP code, say 98102, and the graph looks pretty similar. In other words, 98122 doesn't seem to be rising faster than the overall Seattle market.
True enough, PK. Hopefully the graph doesn't look too much like the Nasdaq in 2000.
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