PR Newswire
One of Zillow’s most popular listings sits on 25 acres and features a world-class toy shop
and a whimsical elf village that you can tour in 3D
SEATTLE
,
Dec. 13, 2022
/PRNewswire/ — With the holiday season in full swing, Santa is busy getting toys ready at his
North Pole
cabin and state-of-the-art toy workshop
. The secluded property is now worth an estimated
$1,154,137
, according to Zillow®.
By visiting
zillow.com/house/santas-house
, Zillow users can get a firsthand look inside Santa’s home, and even take a 3D tour of the Elf Village. In addition, children can start following Santa’s Christmas Eve trek via the official
NORAD Santa Tracker
, right from Santa’s home detail page on Zillow, as he delivers presents around the world.
Santa and Mrs. Claus first claimed their home on the Zillow website in 2016, giving people around the world a glimpse into their enchanted lives. More than 3 million people have Zillow-surfed Santa’s home, making it one of the most viewed homes on Zillow’s website.
“Santa gets a peek into millions of homes each year. Now, millions of Zillow surfers are getting a peek into one of the most famous homes in the world,” said
Amanda Pendleton
, Zillow’s home trends expert. “Touring Santa’s house on Zillow has become a new, high-tech holiday tradition. The immersive virtual 3D Home tour of the Elf Village allows families to explore this corner of the
North Pole
from the comfort of their living room, preferably by the fire with a mug of hot cocoa.”
Santa’s home was worth just over
$650,000
when he first claimed his home on Zillow six years ago. Now the home has appreciated enough to earn Santa a tidy return, and like many homeowners in the U.S., Santa is seeing a surge in his home’s equity
1
. The value of his house has increased 12% over the past year and nearly 77% over the past six years.
Zillow first calculated a special Zestimate value for Santa’s one-of-a-kind property using comparable homes in remote locations
2
and applying a Santa premium
3
.
About Zillow Group
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life’s next chapter. As the most visited real estate website in
the United States
, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.
Zillow Group’s affiliates and subsidiaries include Zillow®; Zillow Premier Agent®; Zillow Home Loans™; Zillow Closing Services™; Trulia®; Out East®; StreetEasy®; HotPads®; and ShowingTime+™, which houses ShowingTime®, Bridge Interactive®, and dotloop®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (
www.nmlsconsumeraccess.org
).
1
Recent data
shows that 48.5% of U.S. homeowners with a mortgage are considered ‘equity-rich’ – meaning the amount they owe on their mortgages is no more than 50% of their home’s estimated value.
2
Zillow looked at remote locations on the coast of
Alaska
, as close to the
North Pole
as possible.
3
According to a
FiveThirtyEight® survey
, 78% of respondents cited Christmas as one of their favorite holidays. Given that popularity, Zillow increased the preliminary Zestimate value, which was determined by analyzing comparable homes in remote locations, by 78%, which is what Zillow deemed the “Santa premium.”
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SOURCE Zillow
