Reported on inman.com: on Feb 29, 2016 Zillow CEO Spencer Rascoff sold his home in Seattle for $1.05M. When viewed on Zillow the next day the Zestimate gave it a value of $1.75M. As of today, May 26, 2016 the Zestimate has dropped to $1,568,109.
Maybe $700,000 is chump change for him. Maybe he was in a hurry. Maybe he wanted to bring down neighborhood home values. Maybe he didn’t believe the Zestimate.
In 5 minutes you can do a better estimate than the Zestimate for the home of Zillow CEO Rascoff. Visit my home values page http://julianalee.com/real-estate-statistics.htm and follow the links to your city, neighborhood, or zip code and use the price per sq.ft. to estimate your home’s value.