May
2007
21

Online Home Valuations update – Over 125K difference between sites.

by

 

Trang sent me an email today that KW has partnered with Cyberhomes.com to market KW listings.  This was the first time I have seen cyberhomes, and I saw they have an online house value estimator, so I I thought I would put their values up against the other online estimators that I already know about. Cyberhomes is powered by Fidelity National Title, so I was expecting their information to be very comparable to Zillow (The leader in online property values).

Let's start by looking at the web ranking:

  

Now, My House Details
Bought in Oct 2005, as a 2 Bed, 1 Bath. Converted about 6 months after to a 4 bed, 2 bath. 

The Cold Hard Facts: 

Cyberhomes.com
Estimated value: 777K, Beds= n/a, Baths = 2, 2 Month value change=Down 77K (Ouch!).
I'm dissapointed that they have the beds and baths wrong…especially since they are title company. I'm also dissapointed in the price, since I gander at my zestimate every now and then, I know this is way below.
Trang's reaction: "That's crazy..they're totally wrong!!!!!!"

Zillow.com
Estimated value: 894K, Beds= 4, Baths = 2, 1 Month value change=Up 32K (I love you).
that's more like it, I can't remember if I went in a changed the beds and baths, I don't think so.

RealestateABC.com
Estimated value: 723K, Beds= n/a, Baths = 1, 1 , they do not provide value change.
Not much to say here

Reply.com
Estimated value: 779K, Beds= 0, Baths = 1, 1 , they do not provide value change.
Not much here either…this site has a few errors, and I think they do provide a price trend, but it was not working.

Results:
Zillow is the winner, not because they priced my house higher, but because they had the correct information and priced my house higher. But with a high of $894K and a low of $723K, I'm not too confident with the results.

On a side note, I really wish the other players would release their data as an api, like Zillow does, so I could put them all together in a simple search, but I doubt that will happen. 

Popularity: 11% [?]

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