Why a Zillow Zestimate® Doesn't Work For Maui

Posted by Evan Harlow R(S) 82003 on Friday, May 29th, 2020 at 5:42am.

Using Zillow to Buy or Sell on Maui

Zillow Maui

Zillow is one of the most recognizable brands in real estate around the world. Since 2004, due to their dedication to the user experience of their online search platform, Zillow has been the preeminent starting point for buying a home. Based on the latest search data, over 5,400 people a month search Google for "Zillow Maui" so they can do their Maui property search with Zillow. What Zillow doesn't tell you is that it is primarily a lead generation platform for Real Estate agents and brokerages and redistributes your personal data in the form of leads. They purposefully leave off information on properties so that you'll want to make a direct inquiry, but this isn't the only area where Zillow doesn't have all the answers. 

What Is a Zestimate®?

A Zestimate is a term used by Zillow for an automatic property valuation that uses an algorithm incorporating market data about homes in your neighborhood to provide a price for your home. A Zestimate® is usually within 7-10% accuracy on the United States mainland, but for Hawaii and Maui in particular, the margin of error is up to 25%. If you're considering selling your home on Maui, it's best if a Zestimate isn't part of your process for deciding how much you would like to sell your home for. Local realtors provide free home valuations based on more sophisticated software such as the National Realtors Association's RPR. We also provide manual comparative market analysis' that not only identifies the most comparable properties but also considers the value of your improvements. Beyond this, Maui's unique real estate market and higher than average rental prices also mean higher prices and values that Zillow just can't see. 

What is a Comparative Market Analysis?

A comparative market analysis, or CMA for short, is a highly detailed report using active listings, pending listings, and recently sold listings that are geographically and physically similar to the subject property to determine the best price to list the home on the market. A CMA takes into consideration all improvements to the home, the trajectory of the market, and all of the things Zillow just can't see.

When selling a home on Maui, you will most likely reach out for multiple CMA's when you are selecting a listing agent. The goal of selling your home is obviously to get the most amount of money for your property in the shortest amount of time and getting the list price right is crucial to achieving this. As you probably know, it's free to get a CMA from a realtor and we are constantly helping home-owners access their home value as a free service, even if your not interested in selling, shoot us an email at evan@mauieliteproperty.com for a free valuation today.

Zillow Maui Price

 

Zillow's Maui Search 

As we said earlier, Zillow leaves off critical details about properties. These details are available on MLS, but Zillow leaves them off to encourage you to call. We've made the search process easier on our platform here. If we have information, we provide it. All of the information provided by MLS is included in our search feature on this website and you can save searches, set up notifications, and do all of the rest without the fear that 15 realtors are going to be calling you over the next year. We treat all of our clients with great care and take a laid back approach to assisting at this stage of your search. We know that clients like to search online without being hassled and we respect that, when you need a Maui realtor to show you a property or do a virtual tour, we will definitely be here for you.

All Property Types in All Cities

1,948 Properties Found. Page 1 of 109.
Photo of Listing #387689
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145 Hoowaiwai Loop 2905, Wailuku

$435,000 - 2 Beds, 2 Baths, 754 Sf

MLS® # 387689

Fee Simple
Emerald Club Realty, Inc.
Photo of Listing #387690
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150 Dairy Rd, Kahului

- 41,762 Sf

MLS® # 387690

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Commercial Prop of Maui LLC
Photo of Listing #387692
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149 Hana Hwy 1 And 2, Spreckelsville/Paia/Kuau

- 9,923 Sf

MLS® # 387692

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Commercial Prop of Maui LLC
Photo of Listing #387693
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111 Kahului Beach Rd A216, Kahului

$179,000 - 2 Beds, 2 Baths, 787 Sf

MLS® # 387693

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Shore To Shore Realty, Inc
Photo of Listing #387694
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50 Nohea Kai Dr Iv-101, Kaanapali

$1,375,000 - 1 Beds, 2 Baths, 1,439 Sf

MLS® # 387694

Fee Simple
Gregory Harbottle, Inc
Photo of Listing #387695
New Listing

3676 Lower Honoapiilani Rd B306, Napili/Kahana/Honokowai

$247,600 - 2 Beds, 1 Baths, 658 Sf

MLS® # 387695

Leasehold
Living Maui Real Estate, LLC
Photo of Listing #387696
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359 Ahiu Rd, Molokai

$820,000 - 2 Beds, 2 Baths, 1,680 Sf

MLS® # 387696

Fee Simple
Molokai Realty LLC
Photo of Listing #387698
New Listing

100 Ridge Rd 2723-24, Kapalua

$1,375,000 - 2 Beds, 3 Baths, 1,756 Sf

MLS® # 387698

Fee Simple
RE/MAX Island Properties, LLC
Photo of Listing #387699
New Listing

150 Puukolii Rd 32, Kaanapali

$740,000 - 3 Beds, 3 Baths, 1,545 Sf

MLS® # 387699

Fee Simple
Soldier to Soldier Hawaii Rlty
Photo of Listing #387670
New Listing

688 Kumulani Dr, Maui Meadows

$1,195,000 - 3 Beds, 2 Baths, 1,614 Sf

MLS® # 387670

Fee Simple
Berkshire Hathaway Maui Prop-W
Photo of Listing #387671
New Listing

128 Makahiki St, Spreckelsville/Paia/Kuau

$4,300,000 - 4 Beds, 5 Baths, 2,701 Sf

MLS® # 387671

Fee Simple
Coldwell Banker Island Prop(P)
Photo of Listing #387672
New Listing

320 Ohukai Rd 414, Kihei

$450,000 - 178,640 Sf

MLS® # 387672

Fee Simple
Keller Williams Realty Maui-Ki
Photo of Listing #387673
New Listing

250 Halewili Dr, Wailuku

$649,000 - 5 Beds, 3 Baths, 2,097 Sf

MLS® # 387673

Fee Simple
HomeSmart Island Homes
Photo of Listing #387674
New Listing

17 Iliau Apt. 17-c Way 17-c, Wailuku

$510,000 - 3 Beds, 3 Baths, 1,258 Sf

MLS® # 387674

Fee Simple
Maui Land Broker & Prop Mgmt
Photo of Listing #387676
New Listing

2481 Kaanapali Pkwy 115 H, Kaanapali

$12,900 - 1 Baths, 523 Sf

MLS® # 387676

Fee Simple
Monte D Fitts REALTOR
Photo of Listing #387677
New Listing

2481 Kaanapali Pkwy 113g, Kaanapali

$14,900 - 1 Baths, 542 Sf

MLS® # 387677

Fee Simple
Monte D Fitts REALTOR
Photo of Listing #387678
New Listing

3543 Lower Honoapiilani Rd K404, Napili/Kahana/Honokowai

$1,250,000 - 3 Beds, 2 Baths, 1,144 Sf

MLS® # 387678

Fee Simple
Coldwell Banker Island Prop(L)
Photo of Listing #387679
New Listing

3959 Lower Honoapiilani Rd 310, Napili/Kahana/Honokowai

$585,000 - 1 Beds, 1 Baths, 493 Sf

MLS® # 387679

Fee Simple
Hawaii Life (KAP)

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