Price Checking Zillow…Sold Real Estate Prices in Lane County

In 2007 when I first heard of Zillow its “zestimates” were almost always wrong, and usually on the high side. This made it hard when I’d tell a seller he should list his house at $xx and zillow told him it was worth $yy.  So I thought I’d try again with several different types of properties, areas, and prices. I used homes that closed in the last few days.

• 90040 VALLEY VISTA DR, Elmira: Country property, 12+ acres, 2100 sq. ft. Zillow says it’s worth $330,000, or a range of $277k-359k.  It just sold for $365k, after 40 days on the market at $385k. Zillow was -35,000.
• 76867 RIDGE DR, Cottage Grove: Also country, but just .74 acres, 1900 sq. ft. Zillow says $263,000, range of $218k-284k. It just sold for $290,000 after 87 days on the market starting at $295,500. Zillow was -27,000.

August Numbers

It will be another couple of weeks before we get the Market Action Report from RMLS with Lane County-wide August numbers.  We will share them here as soon as they’re out.  In the meantime, here are Friends & Neighbors Realty Group’s numbers for August:

Jonathan Miller, Heidi Zola, Petra Nicoll, and Sharon Aly combined to sell over $1.65M last month.  Heidi Mason, Mary Coxen, Brian Schartz and Jonathan have pending offers on over $1.37M in properties scheduled to close in September.  And finally, Jonathan, Sharon and Brian listed over $1.07M in August!  As you can see, although the market has slowed and prices are falling, Real Estate is still selling in Lane County when it is properly prepared, intelligently priced, and professionally marketed!

September looks like it’s going to be just as busy!  Chris just listed a stellar house on Ranchwood which we will talk about tomorrow, Jonathan is listing a gorgeous house in the South West hills, Sharon has a bungalow that will be ready soon in West Eugene, and Brian has a place coming up in Danebo.

More about all these and more as they come on market!