Lots of people track home values on Zillow, but how accurate are the popular website's "Zestimates?"
We've begun a few tests of those estimates looking at homes in South Bay real estate markets.
Our first test took a snapshot of the newest MLS listings for sale in Hermosa Beach. (See "We Test Zillow: Hermosa Beach.") We looked at the starting for-sale price and Zillow's estimate of the home's value at the same time. Later, we'll check to see how Zillow's estimates performed.
Next up: Redondo Beach.
We'll start our tracking with several recent listings (as of July 29). We'll watch them over the next few months and see where the sale prices end up, as opposed to Zillow's estimated home values.