This week I went on a listing appointment where Zillow's zestimate has the property valued at $1,986,500 - and the homeowner showed it to me.
I specialize in the Pinecrest Florida real estate market, and after a thorough analysis, I showed the homeowner that their property would currently sell for $650,000 to $700,000.
Where does Zillow get these numbers? Not even at the height of the real estate market would that property have appraised for $1,986,500!
Homeowners, Zillow is a "fun" site, treat it that way. If you really want to know what your property's current market value is, hire an appraiser or speak with a real estate agent that specializes in your area.