Bullseye! How Accurate is the HomesEstimate?

Here are some properties where the HomesEstimate hit the bullseye!

Our algorithm is always getting tweaked and improved so we thought it worth highlighting a few results that we are super proud of. Call it a little ‘pat on the back’ for the data team. We’re using technology featured on Back To The Future for these ones.

 

9-oakwood

Pukekohe: 0.22% Difference

This home sits in one Auckland’s fastest growing Real Estate hubs, our HomesEstimate was able to get pretty darn close! The January HomesEstimate was $825k, & it sold for $821k.

 

5146

Wellington: 0.35% Difference

Part of a terraced house & apartment complex, this sale shows how flexible we get when estimating. Our records show it last changed hands in 2006. This home had a HomesEstimate of $300k & sold for $310k

 

114-fairy-springs

Rotorua: 1.4% Difference

Extending across the North Island a bit more, this home is an ideal first home. Click through to see what it sold for in 2011 as well! Its HomesEstimate was $220k & it sold for $223k

Of course some of our Homes Estimates aren’t this close, & errors do occur! We actively work with councils to reduce this, & if your HomesEstimate isn’t looking quite right, you can get an appraisal done & weighted against your HomesEstimate. If it’s seriously wrong, email help@homes.co.nz & we’ll check that the data driving it is accurate.

 

 

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Fiona D'Silva Moiyadi

About the author

Marketing Manager at homes.co.nz (Brand & Strategy Consultant)

Fiona is a passionate strategic marketer, brand specialist, entrepreneur and writer. She is a perfectionist at heart, very enthusiastic and has successfully launched and marketed several products, both locally and globally.
Fiona enjoys cooking, reading, going for long drives with her husband and is currently writing her first book - and it's all about love!
To connect with her or know more, find her on LinkedIn.