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How Accurate is the Zestimate?

Market Analysys Jeff Lang March 11, 2024

Hello Friends and Clients,

Jeff Lang here, your go-to real estate expert in the Peninsula area. This month, I'm diving into a topic that's on the mind of many homeowners and buyers: the accuracy of Zillow's Home Valuation Tool, commonly known as the "Zestimate."

In my latest video (linked with this newsletter), I explore the Zestimate's precision in our ever-evolving real estate market. Zillow claims that their Zestimate is accurate within 5% of the sale price about 43% of the time, and within 10% approximately 76% of the time. These valuation metrics are a good starting point but with a large margin of error. So it's crucial to understand what this means for you as a homeowner or a prospective buyer.

The Limitations of Automated Valuations

Automated valuation models like the Zestimate provide a good starting point but often overlook the unique aspects and nuances of individual properties. They rely heavily on public data and historical sales, which can't always capture the current market trends or the distinctive features that add value to a home.

Why an Experienced Agent Trumps Automated Tools

The Power of Local Expertise

As a real estate professional deeply embedded in the Peninsula market, I bring a wealth of knowledge that extends beyond just numbers. I understand the local trends, the community's unique aspects, and how they impact property values.

Tailored Insights and Comparable Sales Analysis

By analyzing recent comparable sales and staying abreast of market shifts, I offer a more tailored and accurate assessment of a property's value. This analysis considers factors like home improvements, location nuances, and market demand – aspects often missed by automated tools.

My Commitment to Accurate Valuations

Understanding Each Property's Unique Story

Every home has a story, and its value is influenced by more than just size and location. It's about the lifestyle it offers, the community it's part of, and its potential for future appreciation. My approach to valuing your property or guiding your purchase decision is rooted in understanding this comprehensive picture.

Your Trusted Real Estate Partner

Navigating the real estate market can be complex, but you don't have to do it alone. As your trusted real estate advisor, I'm committed to providing you with the most accurate, up-to-date information and guidance.

Whether you're considering selling your home or looking to buy in the Peninsula area, I'm here to help you make informed decisions. Thank you for placing your trust in me. I'm excited to work with you and bring clarity to your real estate journey.

Best Regards,

Jeff Lang, Real Estate Expert and Realtor

Jeff Lang

Jeff Lang


About The Author

Jeff Lang's career in real estate is a testament to his strategic, growth-oriented mindset and his dedication to helping clients navigate the unique landscapes of San Mateo County. With his focus on areas from Burlingame to San Carlos and Pacifica since 2011, Jeff has become an invaluable asset to those seeking the perfect balance of urban and suburban life. His appreciation for the county's temperate weather and easy access to a plethora of outdoor activities resonates deeply with his clientele, who seek both the vibrancy of urban living and the tranquility of suburban spaces.

Beginning his journey in commercial real estate in San Francisco in 1997 and later transitioning to residential real estate in La Jolla, Jeff has honed a deep understanding of the industry. Known for his professional, caring, and patient approach, he brings a results-oriented and responsive attitude to every transaction. Jeff's unique strength lies in his ability to outperform competitors by leveraging his extensive experience and education.

Jeff leverages his education having received his JD and an MBA, alongside numerous real estate certifications including Master Certified Negotiations Expert and Certified Luxury Home Marketing Specialist, enabling him to devise winning strategies for each transaction. His approach not only ensures success but also puts his clients at ease, earning their trust and loyalty.

Outside of real estate, Jeff's life is as dynamic and multifaceted as his professional pursuits. His hobbies range from trail running and hiking with his dog to playing golf, tennis, and pickleball, and he's an enthusiastic Peloton user. A proud graduate of law school at the age of 42 and an Ironman triathlon finisher, Jeff's achievements speak to his determination and commitment. These qualities, combined with his professional expertise, make him an exceptional choice for buyers, sellers, and investors—especially in the $2m+ range—who are looking for more than just a transaction but a partnership with a seasoned expert who will turn them into raving fans.

In his over two decades in real estate, Jeff is most proud of partnering with his clients to build the life of their dreams. It helps that Jeff is a negotiations shark, having competed nationally as president of the negotiations team in law school and as a Master Certified Negotiation Expert (MCNE). His MBA and JD also give him and his clients a competitive advantage in every transaction, leading to his listings selling for 4.8% more than the average San Mateo County agent and offers getting accepted 6x more frequently.

If you are looking for an agent who will take on your goal as their own and be relentless in their pursuit of achieving that goal, then you want Jeff as your partner. He’s completed five marathons, including one in Antarctica, and dozens of triathlons, including an Ironman. His passion for taking on a challenge and grinding away to craft creative solutions is unparalleled. Jeff has a natural talent for putting things in perspective, keeping your eye on the prize, and clarifying the strategy to provide opportunities for success in your transaction.

A few of Jeff’s other certifications include NAR’s ePro for advanced digital marketing and NAR’s Green Designations for sustainability in real estate, Pricing Strategy Advisor (PSA) certification, Keller Williams’ BOLD program, and Tony Robbins’ Mastery University. He is also a member of the Institute for Luxury Marketing. These help him and his clients outpace the competition by selling at a higher price and getting offers accepted more often. This track record and partnership continue to provide repeat and referral business, the basis for his growing business.

Reach out to Jeff for a free consultation to discuss your real estate goals. He would be happy to make your goals his and utilize his extensive experience to make it happen.


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Free Consultation

If you're looking for a reliable real estate advisor in California, consider contacting Jeff Lang. He offers a free consultation to discuss your real estate goals and help you achieve them using his vast experience in the field.