8. Market Stats
8. Market Stats
Real estate stats designed to make you the local, trusted advisor.
One of the most important factors to home sellers and buyers when choosing an agent is trust and local market knowledge of their neighbourhood. Be the community market expert with RealOffice360™’s Market Stats app and quick summary reports of market trends for each neighbourhood. Generate beautiful reports for your prospects based on real, scientific market data and start winning more listings.
Course outline: 5 steps below
- 8-1 Market Stats Overview
- 8-2 Daily Activity (Hot Sheets Tab)
- 8-3 Monthly Stats (Monthly Stats Tab)
- 8-4 Statistical Analysis (Analysis Tab)
- 8-5 Supported Real Estate Boards
Estimated time to complete: 20 minutes
8-1. Market Stats Overview
The Market Stats app, is your one stop shop for all things real estate market data. Before we dive in, we should orient you in the app. The app is broken down into three sections:
1) Hot Sheet - What has gone on in the market in the last 24 hours,
2) Market Stats - Monthly trends on sales, pricing, days on market and market types,
3) Analysis - Advanced stats showing investor favourites like price per square foot and graphs that help answer the question, "Is now the right time to sell?"
On top of this, we have given you the ability to pick your region, city or even community and property type of interest to drilldown to the stats you really want to show your clients!
8-2. Daily Acitivity (Hot Sheets Tab)
The first tab of Market Stats shows you everything you need to know about the market in the last 24 hours. New listings, solds, price reductions, price increases, you name it! In addition, each of these categories not only tells you how many times that has occured in the last 24 hours, it also compares that number to the previous 24 hours showing you if the market is heating up or cooling down at the daily level! This is some granular information!
If you ever wish to see the details of any of the Hot Sheet gauges, you can always click on them to get a list view which allows you to not only view all of those property details but also click through to the full MLS® listing.
8-3. Monthly Stats (Monthly Stats Tab)
The second tab of Market Stats shows you everything you need to show market trends over the last several years. Prices, days to sell, number of listings and solds, buyer vs. seller market all over time. Each graph allows you to tell a unique story without having to go through all the work and put the data together.
Each of the four tiles can be clicked on expanding the market data for your interpretation. Want to take the information with you? No problem, you can download any of the four charts directly to your computer as a pdf. by clicking on the "Download Chart" button located in the top right corner of any graph page.
8-4. Statistical Analysis (Analysis Tab)
The third and final tab of Market Stats, Analysis, gives you all the details you might need for those more numbers driven clients. When is the best time to sell? How much is a detached home selling for in price per square foot? What is the average price and time to sell in my community? All of these questions without this app would take hours in Microsoft Excel, now you can amaze even the most analytical of clients with a few clicks of a button.
The Analysis Tab is broken down into four distinct charts:
- Odds of Selling
- Neighbourhood Sale Trends
- Time to Sell
- Neighbourhood Square Foot Analysis
8-5. Supported Real Estate Boards
We are constantly growing and adding new real estate boards. We currently offer full Market Stats to the following real estate boards:
- CREB® - Calgary Real Estate Board
- GVREB - Greater Vancouver Real Estate Board
- RAE - REALTORS® Association of Edmonton
If you do not see your real estate board on here and you would like to help us. Contact us at firstname.lastname@example.org as we would be happy to work with you to get your board data sooner!