The 2020 Fort Lauderdale Real Estate Luxury Report: Our Advanced Software for Predictive Real Estate Analytics

Part 7: Our Advanced Software To Analyze Fort Lauderdale Real Estate

Welcome to Part 7 of the 2020 Fort Lauderdale Real Estate Luxury Report. In this section we dive into the core of our business and the skill that sets up apart from any other realtor in town; our analytics. With our motto being: ‘Help Clients make better decisions’ we have invested much time and effort into creating specific software tools to accomplish this goal. Below we reveal some of our software which we use for our reports and which are readily available for David Siddons’ clients.

As we have just branched out into the Fort Lauderdale market with our reports (we have been active in the Fort Lauderdale real estate market for years) many might not know that the David Siddons Group is known for their market analysis, detailed and actionable real estate reports, and trustworthy real estate forecasts. This is our core skill and what sets us apart from all the other agents. We add value by showing the numbers and by detailed market analysis to help our clients make better decisions.  Ever since our first report we have been searching for better ways to read the markets and  and thanks to technology we now have the right analytical tools and software in the form of dashboards to tell clients (both buyers and sellers) what is going on.  As Warren Buffett so accurately put it…

“If you can’t read the scoreboard. You don’t know the score.
If you don’t know the score, you can’t tell the winners from the losers.”

Now more than ever we need optics to understand what is going on and what could potentially happen in our real estate markets. The stock Market, Covid-19, interest rates; these all play macro roles in our real estate economy, but they are not the only forces at play. In part 7 we will explore the macro influences as well as the micro influences at play in 2020. However, please know that when we are reading and analyzing the Fort Lauderdale markets we are using tools that help us paint a more complete picture.

So here are the tools I have used in my Q1 report to help understand the markets. Once you see them you will also be able to understand the markets better!

The NEHS or Neighborhood Economic Health Score for Fort Lauderdale

On our “Live Analytics” page we offer our Economic Health Score Indicator. This neighborhood health score indicates the current economic health of an area and its likelihood to fall ill or to be susceptible to illnesses. With other words: This is a score to gauge how healthy or weak a market is. So this score does not predict the future, it merely provides the current status of a market and provides you with an indication of the market’s defense mechanism aka: its strength to process future hits. It is not about bear or bull markets. It’s about the market’s elasticity;  about robustness and resilience of the market against economic change.