How come the recently sold data is SO OLD?
The last recently sold data is from Jan. 08 (for 30338 zip). It's now May. You can't tell anything about comps without looking at least from March. I've noticed this on Trulia and on Zillow. I know SOMEBODY has bought a house in Feb. and March. Why does it take so long to update the data??
Wed May 14 2008, 08:04 - Atlanta - General Area - 5 answers
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BEST ANSWER
Okay - I just did a search on fmls. Since April 14, 2008 (so in the last 30 days) 10 homes (single family homes) closed in your zip code, and 32 have gone pending (which means they are Under Contract and a closing is set). Since the first of the year 63 homes have sold/closed in your zip.
In addition - 310 condos/townhomes/lofts have sold in your zip code since the first of the year (1/1/08) Does that answer your question? Wed May 14 2008, 14:33 Web Reference: http://www.ATLurbansanctuary.com
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Trulia and ZIllow pull from tax records, not the MLS. That's why their information, although getting more accurate is off.
Fulton County is at times up to 3 months behind on posting their data while smaller counties have a 30 day turnaround. You can get up to date information from your Realtor. Wed May 14 2008, 10:25 Web Reference: http://www.gahomesdigest.com
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Nor,
Many of the sites like Trulia and Zillow get their information second hand from MLS services. This can cause a delay in up to date information. In addition it take a while to compile accurate data when there are so many variables. For instance if a home goes under contract Jan 1 and is scheduled to close Jan. 15 the closing gets pushed until Jan. 30 then the data may not be posted until Feb. Technically the home closed in Jan. but may be reflected in Feb. stats. It usually takes about 30-45 days for all of the data to be compiled accuratly for the month before. Otherwise the data is subject to inaccuracy. I can compile a report for you directly from the current MLS information that would give you a good snapshot of the area (city/zipcode) you are looking in, but it may not be specific to the subdivision. This report would only give you a snapshot based on properties listed in the MLS database there may be many other homes not included in this report yet that could affect the final results. James Dudley ERA Sunrise Realty 678-781-7418 Wed May 14 2008, 08:32 Web Reference: http://www.dudleysellshomes.com
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I can search the last 30 days on FMLS and according to the data, nothing has sold in the last 30 days in that particular zip code. I am not sure why it would take so long to update the data. This is why not everyone should rely on the data that is given on some sites. There are 206 properties for sale currently in the area. The prices range from $1,275,000-$129,000. The vast majority of the homes are listed in the $400's to $300's. I could pull up more accurate data if I knew more information especially if you are trying to look up comps to price a particular property. The comps are important, but there are other things to consider when pricing a home. Please let me know if you have any other questions I may be able to help you with.
Wed May 14 2008, 08:29 Web Reference: http://www.andreasteele.jennypruitt.com
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FIRST ANSWER
Because you need access to the best data, and a savvy agent can provide that access.
Trulia and Zillow are reliant on human input. A savvy agent, with a hyperlocal presence in the exact submarket of 30338 that matters to you, will know what's going on week to week. Trulia and Zillow will not. Otherwise, if you rely on tax records for the data, the inordinate layers of government lead to recording delays in some counties that take months from transaction date to date of recording. Wed May 14 2008, 08:25 Web Reference: http://intowninsider.com/
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