patrick.net

Malcolm says

I HAVE CAUGHT ZILLOW DELIBERATELY DELETING BANK SALES FROM ITS SOLD LISTINGS.

This is obviously at the request of the Realtor bunch. Now it would seem almost no houses are being sold, since the bank sales were the biggest bunch, however, people will be happy to know that the median price is probably still going up because shedding these sales from the database will make conventional sales appear stellar.

If you are curious about a real example, fortunately I had pasted one of them in this thread. It is no longer showing in sales search results, along with numerous others in the same area that I know sold because they used to be there.

A lot of people now have a false sense of security.

I've seen a fake sales on the low end too. My neighbors home showed up on Zillow last summer as "sold"... for about $100K below market value. They didn't move and a for sale or sold sign was never placed in their yard. I didn't ask they, because I didn't want to invade their privacy.. but i assume it was either a zillow mistake.. or maybe their parents had originally bought the home in their name..and just sold it to them recently at a lower than market rate and it showed up as a sale.

Not sure if you can glean too much evidence from some random sales on zillow.... gotta take the median sales prices.

BoomAndBustCycle says

I've seen a fake sales on the low end too. My neighbors home showed up on Zillow last summer as "sold"... for about $100K below market value. They didn't move and a for sale or sold sign was never placed in their yard. I didn't ask they, because I didn't want to invade their privacy.. but i assume it was either a zillow mistake.. or maybe their parents had originally bought the home in their name..and just sold it to them recently at a lower than market rate and it showed up as a sale.

Not sure if you can glean too much evidence from some random sales on zillow.... gotta take the median sales prices.

You are right on most everything you're saying. I would guess your example is an intrafamily transfer of some kind. At the same time, I happened to be researching the latest medians and inventory figures. I was looking for March, but found February. The reason I post particular deals is because someone else asked for specific examples.

So now let's look at the most desirable areas in San Diego's N County area. This search is limited specifically to detached homes. Each and every blue dot is either in pre foreclosure NOD issued, or being auctioned or sold as bank owned.

Proud to see California solidly making the list again.

https://magazine.realtor/daily-news/2019/02/26/where-foreclosures-may-surprisingly-be-picking-up