April 13, 2006

Zillow Uses Virtual Earth Technology For Bird's-Eye View Of Neighborhoods

The online real estate site Zillow.com is now using Microsoft's Virtual Earth mapping technology and birds-eye view aerial photography to allow potential home buyers to more clearly see architectural design, landscaping, neighboring properties and other factors.

Of course, I'm sure most of the initial traffic to Zillow.com will be homeowners wanting to see the current valuation of their real estate using the Zestimate models - and probably being pleasantly surprised if they bought even just 1 year ago!

There is certainly a wealth of data about an address, bringing together property tax valuation, historic sales data, recent sales, market comparison information and per-square-foot cost data in one place that will increase the transparency in the real estate market. Of course, there will always be other market factors and interior property improvement factors to be considered, but at least Zillow.com is a great starting point and a reasonable framework for prompting further questions.

I suspect real estate mash-up sites and property information agregators like Zillow.com will quickly become a benchmark for house pricing - at least in the Seattle area and probably much wider too.

Entry categories: Microsoft
Posted by Jorgen Thelin at April 13, 2006 12:50 PM - [PermaLink]