Investor · Tampa, FL · Member since 2013 · 2k+ posts · 1k+ votes
Here's my local market when it comes to Real Estate transactions in the last 12 months. The darker blue the better the appreciation (15%-20% or more). The darker the red means there's a fire sale going on and prices are on the decline. Don't ever go by generalized reports saying your market is doing well. Its much more granular than that. There are pockets doing well. You just need to know how to find them. I use this tool so very often
Next shot below is a value on a per foot basis. The darker the blue the greater the amount per square foot of the home on average.
How about actual sales price vs. listing price? Below, the darker the red the more the discount. Darker the blue the more there's bidding wars going on!
There's much more I can see visually about a market before deciding if it makes sense to invest in it. Here's concentration of distressed properties with the darker the red the higher the concentration:
What's great about this data is that you aren't relying upon a gut feeling or hearsay to determine what your next move should be. And there's plenty more on what I can see. So what are you buying into?
Rehabber · Glen Rock, NJ · Member since 2013 · 28 posts · 2 votes
13y
Darren Sager - this heat map you have created here really is an amazing tool for analyzing data, wow. Having that information so readily available at your fingertips is very valuable. Impressive
Investor · Tampa, FL · Member since 2013 · 2k+ posts · 1k+ votes
13y
Shane Johnson The software is available only to members of the National Association of Realtors. Most realtors from what I understand don't know about it. For my personal investing and for my investor clients its amazing to use. I only am showing the tip of the iceberg on what it can do. Its really best for creating the most accurate ARV because it also takes into consideration other market conditions that just a simple spreadsheet cant.
Hudson, WI · Member since 2012 · 189 posts · 30 votes
13y
ughhh. go figure. ill get my license some day... need a few flips under my belt first. You should start charging a few guys a fractional fee if the login can be used simultaneously, and have your dues covered ;) lol.
Investor · Tampa, FL · Member since 2013 · 2k+ posts · 1k+ votes
13y
Shane Johnson I think they figured out the simultaneous log in thing awhile back unfortunately. If you want a snapshot of your local market before you decide to move on something let me know.