Zillow picks apart the Sarasota-Manatee market
By Harold Bubil, Herald-Tribune
/ Saturday, June 8, 2013
Fifty million people are using Zillow to search for real estate information. The technology company has a lot of geeks who write computer code to make its website and mobile app more useful for consumers.
But Zillow does more than that. It studies the market like a swarm of bookworms, and not just the biggest markets. Every market.
At the National Association of Real Estate Editors’ annual conference here, Zillow released “market snapshots” of the top 30 markets — New York, Houston, Atlanta … the usual suspects. I mentioned to Alison Paoli of Zillow that it would be nice to have a snapshot of the smallish Sarasota market, and guess what she did? She called her geek friends and they set to writing code just for us. The next day, Alison handed me the info.
Here’s the scoop:
-The Zillow Home Value Index (ZHVI) for April in the Sarasota market is $163,100, compared with $158,300 for the nation as a whole.
-Sarasota’s ZHVI is up 11.9 percent year over year; the nation is up 5.2 percent year over year.
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