Coming Soon: Coop, Condo, Townhouse & More...

Posted by urbandigs

Mon Jan 24th, 2011 01:28 PM

A: A big thank you to all our subscribers that provide us with feedback on making this Manhattan tracking platform better! We will start to roll out upgrades in a few days that will last for a week or two. Here is a taste of the new charting capabilities for anyone interested in breaking down the Manhattan housing markets and sub-markets in real time!

In a few days we will roll out a collapsed version of Chart Tabs in our CHARTS section. The main goal for this re-engineering is to allow subscribers a way to compare customized sub-market trends to the market as a whole.

In addition, we will add a PROPERTY TYPE dropdown input that will allow you to chart trends for:

- only Co-ops
- only Condos
- Only Townhouses
- ALL

This was one of the most requested features. Let's say you want to see how the Upper East Side Condo Sub-Market has performed compared to condos throughout the Manhattan market:

Upper East Side Condo Pending Sales vs Manhattan Condo Pending Sales

uppereastside-manhattan.jpg

Let's say you want to see how the Lower Manhattan Condo Sub-Market has performed compared to condos throughout the Manhattan market:

Lower Manhattan Condo Pending Sales vs Manhattan Condo Pending Sales

lowermanhattan-manhattan.jpg

From the above charts we can see how the UES condo market has outperformed the rest of the Manhattan condo market while the Lower Manhattan condo market underperformed the rest of the condo market. You can do this for sub-markets as well by tweaking the BATHROOM input and the PRICE input. Recall that we use bathrooms for our real-time charts because we found that brokers tend to inflate the marketed 'number of bedrooms'...discussed here.

We have plenty more on the TO DO list and we will launch some major new tools in about 3-4 months; something we are calling our Phase 2 which will complete the analytics portion of this entire project! After that its all about enhancing the user-experience and making the site way more engaging! All in time...


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