Zillow offers generic values that don't make adustments. Either way, sales prices may be dropping. When trying to value a property, NEVER trust an automated valuation. Only get a CMA from an agent or an appraisal that use a true value method

Zillow gives value on paper and does not consider location, features, interior features, builder, material, views, s/f, etc. But Paradise Valley has seen significant drop in prices. Homes listed 8-12 month are reverting back to the banks and being sold for 1-1.5 million below the listed prices 8 months ago. Sellers need to really look at the market and speak to a truthful agent not one that will tell them what they want to hear to get the listing.

View my site and I have listed all current sold and pending home in Paradise Valley.

Unfortunately, Zillow doesn't allow for actually seeing INSIDE the home! It's like trying to evaluate a home from across the street without seeing the granite countertops or the wood floors. Although, it's a very rough estimation of the area, it doesn't allow for upgrades or adjustments that should be made to a comparable.

Although values in Paradise Valley have declined it's probably not as much as Zillow indicates. I would suggest getting a independent appraisal, or an accurate assessment of value from an agent who really know this area.

Hello,

Although prices have dropped significantly through out the valley, they should not be dropping that quickly. Also Zillow is not all that accurate! However with out seeing the specific homes they are referring to I am not sure.

If you would like an accurate analysis please contact me and I can provide one!

Lucinda Tkach
Windermere
lucindat@windermere.com

because Zillow is wrong about 70% of the time.

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PAUL WELDEN
HomeSmart
480-241-0081
Buyer's Agent Realtor

Because the supply of homes is high and demand low. In fact, expect prices to continue to decline over the next 2 quarters at least. There are over 500 homes for sale and less then 20 sold each of the previous months. Take a look at the link below for a more detail report of the Paradise Valley real estate market.