Saw my zillow estimate also, got excited, and then remembered they lost $$$$$ bc of their shitty estimates.
Zillow tells me my house appreciated 75% from purchase to now (2 years almost exact)… no fucking way
~85% in three years for me.
No drop in last couple months. Up a bit.
I’m not really seeing any substantial drops in my zip code. Homes seem to just be sitting and there is very little supply. Kind of a weird chess match at this point.
Also, I am definitely noticing roads, restaurants and stores are quieter. People seem to be spending less money. I have gone into quite a few restaurants that are dead now when three months ago they would have been packed.
yeah my zestimate at ATH so they def changed something, no way this can be right if I listed right now I don’t think I mean vs Oct 2021? OK sure.
I don’t recall this happening before:
If I were looking to buy right now, I think the move would be just low balling houses that have been sitting on the market for > 2 months or something, and waiting for someone to take it. I’d probably also put an expiration date on the offer, or let them know that I was putting similar offers in on four other houses and the first person to take it gets the sale.
Pretty crazy given the collapse in prices and demand during peak pandemic. People moving back into the city now that you can go out again apparently.
This one stuck out when reading through the Redfin Weekly Report, though I’m surprised it is only 6%. A few other interesting ones hit inflection points and started going down like 47.6% of homes get snatched up within the first 2 weeks which was pretty normal (down from 55ish) and homes sold over list price was down to 55% (prob only peaked at 57-58%).
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Huh, I was curious and checked my house. Zillow has its value actually going up recently (not planning on selling, so it doesn’t matter). And the pic they took is really recent, showing the horrible state of the overgrowth that I haven’t tackled.
(I’d assume it’s being brought up by all the more expensive homes that have been built in and around our neighborhood in the last decade. One a few streets away in the same subdivision that was built 5 years ago is for sale for more than 4x what Zillow says our house is worth).
You know markets are crazy when headlines are about the second derivative of a price series.
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Well, got a date for my power hookup. PGE says it will be delivered 7/18, told we’ll close around 7/25.
Got to actually go in the house, and it’s great. Most importantly, my wife is really happy. She’s the picky one here.
Next up will be the backyard. It’s about 2500 sq ft plus a side yard. Thinking about just laying in some sod myself. How hard can it be? (chuckles nervously)
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it’s temperate enough where I live this shouldn’t be a problem. In the midwest August/September was the time to do it.
My only issue will be watering it enough I think. We don’t have a lot of that.
…or try contacting a permaculture landscaping company and install landscaping that isn’t out of the 1990s.
Sorry we did that in the front yard and I don’t want a bunch of fucking dirt, rocks, and woodchips to be the only thing my kid and dog can play in outside.
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Look, I’m from the Midwest which means growing a green grass lawn and meticulously taking care of it are part of my culture.
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Actually works much better in the midwest where you can still have grass and trees and shit. If I just let the land be the land, it’d be dirt with some waist high weeds. Fuck that.
Instead of sod, have you considered a company who’ll spray a seed/paper/fertilizer mix?
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What about artifical turf?