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When will Zillow update their charts to show more than just 10 years of data?


               
2011 Apr 24, 6:21am   2,054 views  4 comments

by rob rankles   follow (0)  

I find Zillow useful for getting an idea of the local prices for properties.

One feature they have is a chart that show the "Zestimate" of the property; this is a formulaic guess at what a property is worth based on nearby properties.

I've noticed that Zestimates only go back 10 years...to 2001.

It's clearer though with the bubble bursting that housing values could approach 1995 levels or lower, so it would really be helpful to have price estimates going back that far.

I'm just curious if anyone else has wished that Zillow had data going further back, and if you have contacted them, and if you've gotten any response.

#housing

Comments 1 - 4 of 4        Search these comments

1   bubblesitter   2011 Apr 24, 7:26am  

Zestimate=falsimate!

2   Â¥   2011 Apr 25, 12:04pm  

They have the data, it's always gone back 10 years since I started going to that site in 2005-2006.

Here's what a 10-year chart looked like in 2006:

similar unit is on the market for $360,000 so prices have in fact fallen back to pre-2001 levels, where they were at immediately prior to the dotcom crash.

Still shoulda bought in 2000 I guess. I'd be sitting pretty on a 3.8% 15 year loan now with an $800/mo housing cost.

3   thomas.wong1986   2011 Apr 26, 1:51am  

It’s clearer though with the bubble bursting that housing values could approach 1995 levels or lower, so it would really be helpful to have price estimates going back that far.

You might have to dig up alternative data for your area and build/update each reported quarter.

http://www.housingbubblebust.com/OFHEO/Major/NorCal.html

http://www.fhfa.gov/Default.aspx?Page=87

You can also go back to 1995 pulling some data points from DQnews.com

http://www.dqnews.com/Articles/archive.aspx

4   rob rankles   2011 Apr 26, 4:14pm  

I just found this out from the Zillow forum:

The data you want are available, but you have to dig a little bit deeper. Go to "Local Info." Then, search for the neighborhood you are interested in. Then, click on the "See more market stats." Above the chart, there will be a "download" link - click on it and you will get an Excel file with zestimates going back to 1996 or so. Of course, you will have to do your own plotting :-)

http://www.zillow.com/advice-thread/When-will-you-have-data-going-back-more-than-10-years-for-the-Zestimate/396361/

It's a shame that the data isn't available in a graph.

I think people need a wider perspective these days!

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