Zillow, really really low sale prices?

Question

Hey guys, quick question. Why are there so many super low sold prices on zillow? If you goto sold and filter to lowest you will find very very low sale prices. House under 20k. That should be 100k. Is this a glitch or am I missing something?

Kenneth Garrett · Answer

@Katie Turner

Don’t trust any numbers that you haven’t done an analysis on.  Those numbers are done through a generic algorithm.  I use Redfin first and Zillow second.  You need to find sold comps in the last 3 months first if there aren’t any or not enough go back 6 months and so on.

Aaron K. · Answer

@Katie Turner You can obviously get it from MLS, you can often confirm with the county (though surprisingly they are more prone to mistakes than MLS, because the agent cares while the county doesn't), I think realtor.com may also pull from MLS but I'm not certain on that.

Chris Seveney · Answer

@Katie Turner

County websites. This is public record info.

Joshua Raley · Answer

@Aaron K. Sounds great. I'll give it a shot. Is redfin the only option to find true solds?

Aaron K. · Answer

They are inaccurate, also I think the default sold time frame on zillow is something ridiculous like 3 or 5 years which doesn't help. Use Redfin their data is 10x better, because they pull from MLS well, whereas Zillow tries to pull from everywhere but does so poorly.

Chris Seveney · Answer

@Katie Turner

Ignore anything on zillow related to values. Rent estimate is close to accurate, but they could of been non-arms length transactions. Zillow IS NOT to be used to determine value or even look at what "sold" numbers are as they have a tendency to be inaccurate.

Joshua Raley · Answer

@Kenneth Garrett Thanks Kenneth, its seems redfin is the better option for true solds.

Joshua Raley · Answer

@Chris Seveney thanks for the response Chris. It does seem a little suspicious. Lol

Do you know of a solid way to find out true solds?

Zillow, really really low sale prices?

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