Thursday, July 24, 2008

Real Estate : The Zindex and Zestimates at Zillow Provide Nationwide Home Valuations at Estimated Market Value by Geographic Location

The Real Estate market is in a turbulent period, but modern online information helps to manage the situation. Take a look at the website Zillow.

Zillow provides nationwide maps and listings of real estate, including residential property valuations.

Zillow's Zestimate ® is their home valuation using Zillow's estimated market value. Note that this is not the same as an appraisal.

Zillow's Zindex ® is their home valuation index using the median Zestimate ® valuation - or middle point - for a given geographic area on a given day.

Zestimate and Zindex change every day.

For today, for example, July 23, 2008 (USA time), the Zindex (median Zestimate) is $219,180 for all of the United States, a figure which diverges greatly by State, region, city, and specific location. Today, the Zindex for the State of California, for example, is $412,726, or nearly twice the national Zindex. Showing the effects of the subprime mortgage scandal and the general downturn in the economy, the Zindex for California was over $500,000 only two years ago, so that home prices have plummeted, with California real estate dropping in value nearly 19.6% in the past year, as opposed to about a 6.6% drop for the country as a whole.

To see how your particular State ranks in this regard, see Real Estate by State.

Real Estate valuation is also a matter of specific location. If we look at today's Zindex for Sunnyvale, California, which includes the market created by Silicon Valley and Stanford University, the Zindex there is $850,500 and has increased 3.5% the past year. If you look at Beverly Hills (90210) in Southern California, the Zindex approaches $5 million.

The ISandIS Network

Our Websites and Blogs: 3D Printing and More 99 is not 100 Aabecis AK Photo Blog Ancient Egypt Weblog Ancient Signs (the book) Ancient World Blog Anthropomorphic Design Archaeology Travel Photos (blog) Archaeology Travel Photos (Flickr) Archaeo Pundit Arts Pundit Astrology and Birth Baltic Coachman Bible Pundit Biotechnology Pundit Book Pundit Chronology of the Ancient World Computer Pundit DVD Pundit Easter Island Script Echolat Einstein’s Voice Energy Environment and Climate Blog Etruscan Bronze Liver of Piacenza EU Laws EU Legal EU Pundit FaceBook Pundit Gadget Pundit Garden Pundit Golf Pundit Google Pundit Gourmet Pundit Hand Proof HousePundit Human Migrations Idea Pundit Illyrian Language Indus Valley Script Infinity One : The Secret of the First Disk (the game) Jostandis Journal Pundit Kaulins Genealogy Blog Kaulinsium Kiel & Kieler Latvian Blog Law Pundit Blog LexiLine Group Lexiline Journal Library Pundit Lingwhizt LinkedIn Literary Pundit Magnifichess Make it Music Maps and Cartography Megalithic World Megaliths Blog) Minoan Culture Mutatis Mutandis Nanotech Pundit Nostratic Languages Official Pundit Phaistos Disc Pharaonic Hieroglyphs Photo Blog of the World Pinterest Prehistoric Art Pundit Private Wealth Blog PunditMania Quanticalian Quick to Travel Quill Pundit Road Pundit Shelfari SlideShare (akaulins) Sport Pundit Star Pundit Stars Stones and Scholars (blog) Stars Stones and Scholars (book) Stonehenge Pundit The Enchanted Glass Twitter Pundit UbiquitousPundit Vision of Change VoicePundit WatchPundit Wine Pundit Word Pundit xistmz YahooPundit zistmz