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Developers in my town continue building 100's of homes with prices above 350K. Meanwhile the value, per Zillow, of my property has dropped ~68K (20%) for no apparent reason. Additionally, the new homes are being built on top of one another with postage stamp lots while I'm on 3.3 acres with a nice, 3 bedroom manufactured home. I used to think Zillow's valuations were close, but have come to realize there's appears to be no rhyme or reason to their numbers and hope others see this as well.
Tip for consumers:
I've tried to determine why this happened and have been totally unsuccessful .. I guess they prefer not talking about this.
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