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Updated about 7 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
Darcy Murnaghan
  • Real Estate Investor
  • Prince Edward Island
1
Votes |
13
Posts

Best Website for Home Comparables?

Darcy Murnaghan
  • Real Estate Investor
  • Prince Edward Island
Posted

Wondering what the best websites are for doing home comps. I know most agents use MLS. Sites like Zilliow can be so far off at times. I am told that each City has a preferred listing / comp. site. The cities that I am focused on are Austin, TX, Atlanta, GA, Raleigh, NC, and Charlotte, NC.
Look forward to any response or info!

Thanks,

Darcy

Most Popular Reply

User Stats

47
Posts
23
Votes
Robert Littke
  • Commercial Real Estate Broker
  • St. Petersburg, FL
23
Votes |
47
Posts
Robert Littke
  • Commercial Real Estate Broker
  • St. Petersburg, FL
Replied

I just ran a little experiment,
I went to Homes.com and pulled up a neighborhood. Using the figures on the map I totalled up the home values in excel of all the homes in that neighborhood. I threw out the lowest number and the highest number. and came up with an average of $223,821
I then went into MLS and pulled up the neighborhood in and ran a CMA on the entire neighborhood. The average home SOLD in the last year for $220,00 (1.71% less than the number I came up with using Homes.com) And the average current listing price was $216,500 (3.27% Lower than the number I came up with on Homes.com)
Not Bad, Take it for what its worth.

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