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Updated 3 months ago on . Most recent reply

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Zhongyuan Luo
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Question on data.

Zhongyuan Luo
Posted

Hi there, 

I have a general question as I’m considering going pro with the service. However, there’s one aspect of the website that’s raising a bit of concern for me.

I live in Santa Barbara, CA, and from my experience, the median home price here is generally at least $1.5 million, and in most cases, I rarely see anything priced under $1 million. This is consistent with data from sources like Zillow, Redfin, and the local Santa Barbara Association of Realtors.

However, when I go to "Pick Markets" and select Santa Barbara, the median home price listed is $620,000, which doesn’t align with what I’ve observed locally. I'm curious if this discrepancy is typical of other regions as well.

How accurate is the data on this site?

Thank you so much, 

Luo

Most Popular Reply

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Bradley Buxton
  • Real Estate Agent
  • Nevada
552
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824
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Bradley Buxton
  • Real Estate Agent
  • Nevada
Replied

@Zhongyuan Luo

Many data models are not very localized for properties price or rental comps. You can do your own research or find a good local agent. Here in the Reno, NV area we have been scraping local rental and property data for the last 2 years. It gives a good picture of the market and trends but it’s hyper localized in this MSA market. You can use Zillow or rent cast along with others to paint a picture of the area where you want to invest. 

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