Do not disturb tenants

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.







2 comments

  1. hatless in hattiesburg »

    6 February 2013 · 1:26 am

    what, no jokes about “unexpectedly”(tm) ??!?

    :)

  2. Tatyana »

    6 February 2013 · 9:27 am

    Let me make this clear: lowly tactics of employing 5-grade level math and accounting miss the big picture! Think of the children!

RSS feed for comments on this post