Local info on Zillow, now with more zest
Back during the real estate boom, it seemed like everyone was having fun voyeuristically browsing the home data of their neighbors on Zillow. Everyone, that is, except for us. For a long time Zillow only had the most basic info about this area. But sometime during the last few months it seems to have gotten the scoop on a lot more data, or at least enough to start publishing the always controversial Zestimate home values for this area, and their derivative, the Zindex (the median of all the Zestimates).
So, according to Zillow, here are how a few local cities stack up on the Zindex:
Saratoga Springs - $285,500
Guilderland - $276,500
Clifton Park - $263,000
Niskayuna - $254,500
Colonie - $199,000
Albany - $194,500
Rensselaer - $155,000
Schnectady - $146,500
Troy - $144,000
So, how accurate are these Zindices (we can only guess that's the plural)? Here's a breakdown of how well individual Zestimates match up with actual sale prices in New York state. The short answer: about half the time they're close -- and about a quarter of the time they're not close.
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