Jun 24, 2021
No image
Completed
Real Estate Market Analysis and Monitoring Tool
$25,000+
2-3 months
United States, Chicago
2-5
Service categories
Service Lines
Big Data
Software Development
Web Development
Domain focus
Real Estate
Programming language
JavaScript
SQL
Frameworks
Express
Node.js
Challenge
Working in a dynamic industry like the real estate sector keeps professionals on their toes; the better understanding of market trends, the greater number of deals closed. Hence, a leading real estate agency approached Scalans to create a CMA-based(Comparative Market Analysis) for real estate and a monitoring application for their agents.
Working in a dynamic industry like the real estate sector keeps professionals on their toes; the better understanding of market trends, the greater number of deals closed. Hence, a leading real estate agency approached Scalans to create a CMA-based(Comparative Market Analysis) for real estate and a monitoring application for their agents.
Solution
The client emphasized on the need to build a scalable software that can process and analyze huge loads of data in real-time and provide agents with actionable insights for cracking the best deals and getting an overview about real estate market trends.
The Scalans experts started off by designing a comprehensive dashboard which gives first-hand information about property details, price listings, cash flows and other transactions, status of sales deals, and so on – all in a visually appealing interface. Separate tabs were incorporated for searching and comparing properties with regards to demographics, market value, profitability, rent, size, etc.
The client emphasized on the need to build a scalable software that can process and analyze huge loads of data in real-time and provide agents with actionable insights for cracking the best deals and getting an overview about real estate market trends.
The Scalans experts started off by designing a comprehensive dashboard which gives first-hand information about property details, price listings, cash flows and other transactions, status of sales deals, and so on – all in a visually appealing interface. Separate tabs were incorporated for searching and comparing properties with regards to demographics, market value, profitability, rent, size, etc.
Results
The application became a one stop market analysis tool for real estate agents – they could easily identify the most feasible deals, understand how market factors work, track price fluctuations and accordingly adopt the best strategies.
The agency registered a four-fold business growth within a year of using the application. Their sales deals increased and agents reported greater efficiency and productivity. By analyzing the data captured by the app, the client could take better informed decisions, thus reducing financial risks.
The application became a one stop market analysis tool for real estate agents – they could easily identify the most feasible deals, understand how market factors work, track price fluctuations and accordingly adopt the best strategies.
The agency registered a four-fold business growth within a year of using the application. Their sales deals increased and agents reported greater efficiency and productivity. By analyzing the data captured by the app, the client could take better informed decisions, thus reducing financial risks.