It’s always fun to compare, and useful to keep an eye on, where Zillow is with foothills home prices vs. actual selling prices here on the ground. So here’s the list price vs. the actual sold price vs. Zillow’s Zestimate for homes that recently sold in the Catalina Foothills.
2940 E Camino Juan Paisano Tucson, AZ 85718 – was listed in March 2013 for $825,000 and reduced again and again until it reached $699,000 and sold for $500,000 the other day.
According to Zillow the sellers gave it away and should have held out for $941,524.
5974 N Campo Abierto, Tucson, AZ 85718 – listed at $507,000 it sold for $488,000
and Zillow nailed it at $482,234
7756 N Canyon Spirit Way, Tucson, AZ 85718 – started at $1,279,000 and eventually dropped to $995,000 and sold for $890,000, while the big Z was holding out for $1,028,760.
4087 N Ocotillo Canyon Drive , Tucson, AZ 85750 – started at $479,000, dropped to $450,000 and sold for $440,000. And again Zillow nailed it, at $446,516.
5650 N Placita Amanecer , Tucson, AZ 85718 – was listed for $499,000 and sold for $480,000.
Coming in at $500,822, Zillow was awfully close.
6279 E Placita Chiripa, Tucson, AZ 85750 – was listed for $539,000 and sold for $521,200 with Zillow basically hitting the bull’s eye at $516,579
6822 N Table Mountain Road , Tucson, AZ 85718 – listed at $575,000, dropped to $549,900 and sold for $537,500. And once again, at $510,605, Zillow was awfully close.
6219 N Zorrela Segundo Road , Tucson, AZ 85718 – was listed for $625,000 and sold for $625,000, while Zillow low-balled it at $535,310.
6721 N Los Leones Drive , Tucson, AZ 85718 – was listed for $749,000, dropped to $685,000 and sold for $565,000, while Zillow had it at $648,257.
So all in all a pretty good showing for Zillow. Though I wish there were more recent higher priced sales to more rigorously test Zillow’s accuracy. But it’s August, and August is not noted for its big buck sales.
And a prediction from Zillow;
Zillow predicts 85718 home values will rise 4.5% next year, compared to a 4.8% rise for Catalina Foothills as a whole.
Foreclosures will be a factor impacting home values in the next several years. In 85718, the number of foreclosures waiting to be sold is 22.2% less than in Catalina Foothills, and 45.5% lower than the national average. This lower local number could help 85718 home values rise more quickly than other regions in Catalina Foothills.
A 4.5% increase for next year would be in keeping with the increase in prices we’ve seen since last year. Steady as she goes.
search all the homes for sale in the Catalina Foothills
at TheFoothillsToday.com
