SEATTLE, Nov. 30, 2016 /PRNewswire/ -- Today, Zillow
announces that one of the most famous homes in the world -- Santa
Claus' North Pole house -- is now
on Zillow. With a Zestimate® home valuei of
$656,957, Santa's home is one of the
most valuable residential properties in the Arctic.
Zillow was able to calculate a special Zestimate value for
Santa's one-of-a-kind house using comparable homes in remote
locationsii and applying a Santa premiumiii.
The home has never been sold and is not on the market.
Santa Claus' log cabin has three bedrooms and two bathrooms and
measures 2,500 square feet -- about 1,000 square feet larger than
the average U.S. home. It sits on a unique, 25-acre lot in the
North Pole and features a river rock fireplace, a gourmet kitchen
and a wood-burning stove in one of the guest suites. The property
also boasts a sleigh parking garage, stables and a world-class toy
workshop.
"Santa's home in the North Pole
is one of the most famous homes in the world, so we're thrilled
it's now on Zillow," said Zillow Chief Marketing Officer
Jeremy Wacksman. "Millions of kids
are looking forward to a visit from Santa this year, and now they
have the opportunity to virtually visit Santa's house
themselves."
To see Santa's home, type "Santa's house" into the search bar on
Zillow.com. Visitors can flip through a photo gallery of the home
and watch a video walkthrough to get a sense of the home's flow.
Santa's house is not for sale, but by claiming his home, Santa was
able to update his home's facts and add photos, which can impact
his Zestimate value.
Additionally, children can start following Santa's Christmas Eve trek delivering presents around the
world via the Official NORAD Santa Tracker, right from Santa's home
detail page on Zillow. This feature is a result of Zillow's
partnership with NORAD Tracks Santa, which has been following
Santa's annual journey for the past 61 years.
"We track Santa as he makes his journey around the world every
holiday season and ensure he returns home safely," said
Preston Schlachter, spokesperson for
NORAD Tracks Santa. "Santa puts a lot of miles on his sleigh
delivering gifts all over the country and we're excited to partner
with Zillow this holiday season to give families around the world a
behind the scenes look at Santa's home base."
Zillow forecasts that Santa's home will appreciate 2.2 percent
over the next year, in line with forecasted home value growth in
the United States.
Zillow
Zillow® is the leading real estate and rental
marketplace dedicated to empowering consumers with data,
inspiration and knowledge around the place they call home, and
connecting them with the best local professionals who can help. In
addition, Zillow operates an industry-leading economics and
analytics bureau led by Zillow's Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of
economists and data analysts produce extensive housing data and
research covering more than 450 markets at Zillow Real Estate
Research. Zillow also sponsors the quarterly Zillow Home Price
Expectations Survey, which asks more than 100 leading economists,
real estate experts and investment and market strategists to
predict the path of the Zillow Home Value Index over the next five
years. Zillow also sponsors the bi-annual Zillow Housing Confidence
Index (ZHCI) which measures consumer confidence in local housing
markets, both currently and over time. Launched in 2006, Zillow is
owned and operated by Zillow Group (NASDAQ:Z and ZG), and
headquartered in Seattle.
Zillow and Zestimate are registered trademarks of Zillow,
Inc.
i The Zestimate home value is Zillow's estimated
market value for an individual home and is calculated for about 100
million homes nationwide. It is a starting point in determining a
home's value and is not an official appraisal. The Zestimate value
is automatically computed daily based on millions of public and
user-submitted data points taking into account special features,
location, and market conditions. Read more here for more
information on how Zillow calculates the Zestimate value.
ii Zillow looked at remote locations on the coast of
Alaska, as close to the
North Pole as possible.
iii According to a FiveThirtyEight® survey, 78 percent
of respondents cited Christmas as one of their favorite holidays.
Given its popularity, Zillow increased the preliminary Zestimate
value, which was determined by analyzing comparable homes in remote
locations, by 78 percent, which is what Zillow deemed the 'Santa
premium'.
Photo - http://photos.prnewswire.com/prnh/20161129/443953
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/santas-home-is-now-on-zillow-300370240.html
SOURCE Zillow