What is the current and best way for real estate maps to display big data, local data, and the latest Block Group real estate information about the latest changes in demographics and economics? Do real estate investor really need local information on the over 209,000 Block Groups?
One could just buy 209,000 reports from ESRI or some GIS vendor, but I think there is a better way and better technology for real estate maps. You see, looking at last year’s information alone will not help you make a decision today. Like stock prices, the value of real estate is inherently linked to a number of factors, and maps and mash-ups should reflect this. In order to be truly useful, real estate maps need to do help real estate investor and professional do local market comparisons, filtering and real-time rendering of big data databases.
The optimal real estate maps display the best and most current real estate growth data.
Real Estate Maps User-Define Heat-map with local Block Group data
What is needed Have Real-Time User-Defined Rendering:
We need to see the most current, up to date maps and mash-ups reflecting real-time data. Currently, the maps and mash-ups offered on all current real estate services are static, display old, outdated information and are not based upon all factors affecting price movement and value determination. We need a real estate tool that can produce maps and mash-ups that truly reflect the current state of the market, current real estate analytics, not what it looked like a year ago.
Growth Maps is that tool. Parcel Maps, Realtor Map, Google Real Estate Map and Commercial Property Maps may have Real Estate Map Search, but what about Local Growth Data?
Produce User-Defined Gradient Maps:
People buy real estate for different reasons, and they need a tool that allows them to look at properties using different criteria. For instance, a simple map or mash-up showing current home value really doesn’t help someone looking to invest in a rental property. Instead, they might need to know current vacancy rates and the recent trend for vacancy rates.
Thus, we need to render real estate maps with mash-ups based upon a wide assortment of criteria to help individuals make individual decisions about real estate properties. Indeed, until now there simply was no real estate tool or service on the market that could truly help make the best, most informed decisions possible.
Real Estate Maps Databases and filtering what else is needed
The best real estate maps are backed by a Vast Database. The ideal real estate tool would need a vast database filled with all of the historical information relevant to real estate price movement. This database would need to be constantly updated with monthly local economic and market data for the most accurate forecasting and most importantly, this information would need to come from trusted sources.
Real estate maps with Detect Relevant Trends Down to Block Level.
To identify the best properties for investment or to answer specific questions, the ideal real estate tool would need to be able to produce relevant, accurate and reliable value determination and value forecasting down to the block level.
Interactive Real Estate Maps that let the user find the optimal local market in a few clicks, is ideal. Something that is hard to do with standard Zillow Maps Real Estate or Yahoo! Real Estate Maps, which are more geared toward eyeballs and advertising, than local data and bid data visualization. And real estate maps that Gather, Sort, Filter and Analyze the most current monthly and quarterly Economic and Local Market Data.
Currently there are a number of real estate tools that provide mash-ups, reports and lots of pretty charts, but they display incomplete, irrelevant, or outdated information. From the real estate professional down to the individual buyer or seller of property, no one currently has access to information that will truly deliver a real time property valuation and reliable value growth forecasting. But this situation is about to change, with vastly improved real estate analytics.
For more information, watch our free demo video on our homepage, and download your FREE eBook titled: “What’s Next for Commercial Real Estate Technology: Leveraging Technology and Local Analytics to Grow Your Commercial Real Estate Business” at http://growth-maps.com/free-ebook/
Your comments are most welcome, and I appreciate your feedback.