by Clearilytics Clearilytics, the advanced property technology platform, aims to address the uncertainties surrounding property pricing and the complexities associated with setting appropriate listing prices for real estate. By providing access to an innovative data analytics tool, Clearilytics empowers users to accurately predict the most realistic listing prices for residential properties, thereby revolutionizing property marketing strategies and enabling informed pricing decisions. Our platform is designed to enhance the real estate experience and optimize pricing strategies, ensuring a seamless and data-driven approach to property transactions.
Unleashing the Value of Clearilytics Valuation Algorithm
In a recent breakthrough exercise, Clearilytics conducted a comprehensive test to showcase the incredible potential of its Valuation Algorithm. The objective was simple: demonstrate the algorithm’s ability to predict accurate and timely listing prices for real estate properties. Sixty-four random properties that had been listed for over 100 days were selected for evaluation.
Astounding Results and Real Estate Insights
The results were nothing short of astounding! Clearilytics’ predictions were remarkably precise, with 22 out of the 64 properties eventually reducing their listing prices exactly as our algorithm had predicted almost a year prior. On average, our predicted values exhibited an impressively marginal difference of just 3.8% from the prices that agents eventually updated.
A Case in Point: The Abraham Adensanya Ajah Property
Let’s examine a specific example to better grasp the true value of Clearilytics. A 5-bedroom semi-detached property in Abraham Adensanya Roundabout in Lagos was listed in 2021 at ₦76 million. After 678 days on the market, the agent updated the listing price to ₦70 million on June 23, 2023. However, Clearilytics’ algorithm had predicted the property’s value in 2021 to be around ₦56.5 million, indicating a potential overpricing of approximately ₦20 million by the agent.
Furthermore, our algorithm foresaw the property’s value rising to about ₦65 million in 2022 and ₦73 million —almost perfectly aligning with the eventual updated price. Had the agent utilized Clearilytics’ service, this property might have been sold at a more equitable price two years ago, optimizing returns for both sellers and buyers.
Empowering Users with Data-Driven Decisions
By harnessing the power of data analytics and AI, Clearilytics empowers real estate professionals to make data-driven decisions, ensuring fair and competitive pricing. Our Valuation Algorithm leverages a wealth of market data, historical trends, and property features to accurately predict property values, streamlining the listing process and reducing the likelihood of over- or under-pricing.
Benefits for Real Estate Professionals:
- Accurate Valuation: Gain confidence in setting the most realistic listing prices, avoiding potential pitfalls of overpricing or underselling.
- Time-Saving: Eliminate prolonged market exposure and reduce the time a property spends on the market with precise pricing insights.
- Competitive Advantage: Stay ahead in a competitive real estate market by leveraging data-driven decisions and offering clients accurate property valuations.
A New Era in Real Estate Marketing
Clearilytics paves the way for a new era in real estate marketing, where data-driven insights replace uncertainties. Our platform ensures that you receive optimal returns on your investments, while prospective buyers benefit from transparent and fairly priced properties.
Are you ready to revolutionize your real estate transactions with Clearilytics? Embrace the power of data analytics and join us on our mission to transform the Nigerian real estate market—one data point at a time!