A Zestimate can provide a quick “ballpark” data on home values. However, Utah is one of 12 non-disclosure states in the United States. A non-disclosure state does not o not require the disclosure of real estate sale prices to any public body or database. The rules vary from state to state, but in Utah when a home changes hands and title is transferred, only real-estate agents and lenders know the final sales price, along with the seller and buyer.
Here in Park City, we have not found Zestimates to be accurate by any means. Zestimates are only as accurate as the data behind them. Fun fact: One of the Zillow executives sold his Seattle home for 40 percent less than its Zestimate. Zillow acknowledges that Zestimates can be inaccurate and off 20+ percent in some areas.
The Park City market is highly segmented in terms of pricing and demand. Contact us at 435.640.6966 for an accurate market analysis of your property.