How is HomesEstimate Ranking calculated?

How is HomesEstimate Ranking calculated?

The rankings are based on all residential houses within a particular suburb that has an HomesEstimte.  This ranking can change when the HomesEstimates are updated.

    • Related Articles

    • What is the HomesEstimate ranking?

      The rankings are an interesting and fun statistic homes.co.nz applies to residential properties that has a homesestimate. We have ranked all properties in a suburb based on the value of their homesestimate, not real market or capital value. This ...
    • Can I change my HomesEstimate ranking?

      The ranking is based on the homesestimate, as the estimate changes the ranking will change.  HomesEstimates can be influenced by a sale record, RV update or a submission of a registered valuation or market appraisal
    • What is the HomesEstimate?

      The HomesEstimate valuation is our estimated market value, computed using a proprietary formula. It is not a formal valuation. It is a starting point in determining a home's value. The HomesEstimate is calculated from data available to homes.co.nz, ...
    • How accurate is the HomesEstimate overall?

      The HomesEstimate's accuracy depends on the availability and accuracy of council and sales data in an area. The accuracy percentages are calculated by comparing our HomesEstimates to recent sales in the area. An up-to-date accuracy estimate for the ...
    • Can I remove the HomesEstimate ranking?

      Rankings can be hidden only if the property in question does not quality with the criteria of a stand-alone rating unit for the purpose of residential use.