Asked by John, Palatine, IL • Tue Mar 24, 2009
I am looking at some houses in Palatine,IL and i see they have depreciated about 7-10 % within 30 days in their price based on Zillow estimate. example is
This property was estimated 500k on Feb 25th and its 465k today.
Where as if i look at properties in nearby neighborhood the depreciation is in 2-3 % ranges in the last month.
How do they estimate the depreciations ? Why is Palatine depreciating fast ? Please someone explain.
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