Pat Cunningham, Compass on LinkedIn: interesting article about Zestimates from Peter Accolla with American… (2024)

Pat Cunningham, Compass

Realtor® Metro DMV: DC, N Virginia & Maryland | Passionate About Fulfilling your Real Estate Desires

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interesting article about Zestimates from Peter Accolla with American Portfolio Mortgage:We're all familiar with a property's Zestimate (from Zillow), which is a home valuation based on a complex algorithm. While it's not the same as a professional appraisal, some homeowners don't realize this and consider Zestimates as 100% accurate.In addition, Zillow describes their value estimates as including a median error rate, and it's different for on- and off-market homes. For on-market homes, the error rate is 2.35%, and for off-market homes, it's much higher: 7.74%.Another interesting fact: Zestimates in some states are considerably less accurate than others. West Virginia Zestimates miss the appraised price by more than 20% for around 30% of homes. However, they're within 5% almost half the time in Utah and Nevada.

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    Realtor® Metro DMV: DC, N Virginia & Maryland | Passionate About Fulfilling your Real Estate Desires

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    Retired Nat's star, Stephen Strasburg, home hits the market in Mclean:https://lnkd.in/eXm-Awdi

    Former Nationals Star Stephen Strasburg Puts McLean Home On The Market dc.urbanturf.com

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  • Pat Cunningham, Compass

    Realtor® Metro DMV: DC, N Virginia & Maryland | Passionate About Fulfilling your Real Estate Desires

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    You're invited! Join me and fellow panel speakers next Thursday, June 20thfor a real estate event at The Tower Club in Tysons Corner. 11:30am-1:00pmBuffet lunch is included.https://lnkd.in/eXyjGSTh

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  • Pat Cunningham, Compass

    Realtor® Metro DMV: DC, N Virginia & Maryland | Passionate About Fulfilling your Real Estate Desires

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    Astounding home price increase since 2014:"In April, home prices in Northern Virginia reached a median of $700,000 for the first time. The record price represented a 65% increase compared to 2014 when the median home price in the region was a mere $425,000."https://lnkd.in/grrkVkf3

    The 10-Year Path of Northern Virginia Home Prices in Four Charts dc.urbanturf.com

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  • Pat Cunningham, Compass

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    The price for a house in the DC area hit a new high in April.from Urban Turf"A look around the region in April finds that a selection of neighborhoods that saw some of saw the highest year-over-year price increases were McLean (20%),Chevy Chase DC (18%), and Bethesda (16%)."https://lnkd.in/eiH-cFWi

    The Price For A House in The DC Area Hit A New High in April dc.urbanturf.com

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  • Pat Cunningham, Compass

    Realtor® Metro DMV: DC, N Virginia & Maryland | Passionate About Fulfilling your Real Estate Desires

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    Dream, Design, Build: Home Expo 2024This Saturday, May 11th10:00am to 4:00pm1801 Old Reston Ave, Reston, VA 20190.Anna of AKG Design is opening her studio, sharing her contractors and vendors and offering a lot of valuableinformationwith design classes, cooking demonstrations and more! There will be 30 minute workshops on:Induction cooking, Art of Home Lighting, Smart Home technologySpace is limited, click here to register for the 30 minute workshops:https://lnkd.in/eKA5_McUExclusive event schedule released:When you go and register for your tickets, be sure to check out “add-ons” and secure your spot in any of our workshops. Spots are limited, so be sure to register before spots run out!Free paint recycling!The first 20 people to bring a can of paint for recycling will get it processed FREE! It's a win-win for you and the environment.(Additional cans are $5 each.)Free gift bags & giveaways:That’s right, in addition to getting to meet the experts, mingle with other fellow home design and build enthusiasts, and have a fun day of discovery, we’re also doing giveaways and gift bags!(First 50 people registered get a gift bag)Don't miss out on this chance to learn, win, and recycle responsibly.See you there!The AKG Design Studio Teamhttps://lnkd.in/eV-5jCcmand Pat Cunningham

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  • Pat Cunningham, Compass

    Realtor® Metro DMV: DC, N Virginia & Maryland | Passionate About Fulfilling your Real Estate Desires

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    My favorite non-profit organization, Kidsave, founded by longtime DC resident, Terry Baugh, is celebrating 25 years with their gala April 25th at the National Press Club. I've helped to raise funds for them for many years. Hope you can can attend the gala April 25th! They've found forever families for thousands of older orphans here and around the world.https://lnkd.in/eSgqWSfm

    Kidsave's Miracles Gala 2024 - V2 https://www.kidsave.org

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  • Pat Cunningham, Compass

    Realtor® Metro DMV: DC, N Virginia & Maryland | Passionate About Fulfilling your Real Estate Desires

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    The market this year is great for sellers. We had this house on the market last Summer and Fall and received no offers. Other homes in this area over a million also sat on the market. The interest rates caused buyers to wait. But Spring sprang buyers into action! It was a delight to work with the talented owner who did all the decorating. Everyone who saw the house raved about her imaginative decor.Congratulations to my clients and the new owners! https://lnkd.in/eqKyF3ja

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  • Pat Cunningham, Compass

    Realtor® Metro DMV: DC, N Virginia & Maryland | Passionate About Fulfilling your Real Estate Desires

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    The real estate industry has been a big topic in the media since last Friday.You've probably seen the news about the National Associationof Realtors settlement regarding real estate commissions. As a result,the way buyers agents will be paid will change in the future. Nothing isexpected to change until July at the earliest. In the meantime,there is much speculation and untruths about this in the media.The settlement is not final as it still has to go through the courts.#realestate #NARsettlement #homebuyers

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Pat Cunningham, Compass on LinkedIn: interesting article about Zestimates from Peter Accolla with American… (30)

Pat Cunningham, Compass on LinkedIn: interesting article about Zestimates from Peter Accolla with American… (31)

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