I have on occasion been amused by the swings in the “Zestimate” of the value of the palatial estate at Surlywood, as issued by the real-estate site Zillow. Of course, pricier places are subject to greater volatility. Consider, for instance, 1600 Pennsylvania Avenue Northwest, Washington, DC 20006:
According to the latest Zestimate for the president’s home at 1600 Pennsylvania Ave. in Washington, D.C., the White House has a current value of $294.9 million.
Since President Barack Obama and his family moved into the home in January 2009, its value has risen approximately 7%, from $275.6 million. In Washington, D.C., as a whole, the Zillow Home Value Index rose almost 13.6% — to $397,000, from $349,600 — between January 2009 and November 2012, the most recent month for which data are available.
So the White House is falling behind the comps. Quelle surprise.