The Q1 2020 Miami Real Estate Report: How to Read our Advanced Software for Predictive Analytics

Part 5: Our Advanced Analytical Tools

Welcome to Part 5 of the Q1 2020 Miami Real Estate Report. In this section we explore the tools that myself and my team use to ‘Help Clients make better decisions’. We reveal the metrics used in this report to make the narrative and conclusions over what is happening and why it is happening.

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 6 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 Miami markets we are using tools that help us paint a more complete picture.

I have been studying and reporting on the Miami Real Estate market for over a decade now. Ever since my first report on Brickell in 2010 I have been searching for better ways to read the markets and thanks to technology I have not only been able to write on the market, but to create 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.”

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

The NEHS or Neighborhood Economic Health Score

To better understand the neighborhood of your choice we offer the Economic Health Score Indicator on our “Live Analytics” page. 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.

The Advanced Analytics Screens

Our advanced analytics page offers you the possibility to see the market statistics of homes or condos in some of Miami’s most desired neighborhoods. You can choose the type of propertythe neighborhood, the property style (waterfront, dry lot or new home -3 years or less), and a price range. The system will then provide you with quarterly data (going back 6 quarters or 1.5 years) on average sales price per SF, Months of Inventory, number of closed listings, number of active listings and days on market. As the graph shows the last 6 quarters it gives you a great idea of how the market has performed over time. For each of these screens David will add narrative with his day-to-day experience in this market or particular sales to provide you with a more holistic overview of the market.

The Q1 2020 Miami Real Estate Report: The 5 Best Miami Neighborhoods for Great Deals

Condo Geeks Dashboard

The Condo Geeks dashboard is by far the most advanced of the tools we have created. This is the brain child of my partners and myself to create a visual representation of the markets and specific condos. What would have previously taken hours or more likely days to analyze and format, can now be accomplished in mere seconds! This tool is not simply pulling data live from the MLS and collating it into easy to understand charts. It has been scrapped meticulously to remove anomalies as well as filling in gaps that the mls did not record through cross referencing with the Florida Tax Role. Simply put it’s much more accurate.

The Q1 2020 Miami Real Estate Report: How to Read our Advanced Software for predictive analytics

So there you have it. A peek behind the curtain to what I have dedicated my entire real estate career to – providing better analysis, the purest pursuit of: “helping client make a better decision”. As with all my work expect this to evolve over the next few months and keep checking back – better yet, make sure you add this as one of your favorite sites and subscribe, this way you will always get notification of new tools. I promise you this… there are many incredible new functions being developed as we speak including an: advanced CMA (comparative market analysis) screen coming to Condo Geeks, new functions to the ‘Advanced Analytics’ which will show you all the previous sales as well as ranking existing single family home listings from highest to lowest per sqft. We know you the world does not stand still and neither do we! 

Part 6 of my report addresses the current economic climate and the factors at play right now – including interest rates, fed decisions, Covid-19, the stock market, tax-relocations more! As always if you have a pressing need to buy or sell, call me: 305 508 0899.

WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...

For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

    Reviews
David Siddons
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Akbota YerseitAkbota Yerseit
13:29 03 Jun 22
Excellent leaders!
Cathryne HaladnerCathryne Haladner
12:12 18 Sep 21
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
Jose Eduardo FilhoJose Eduardo Filho
17:17 13 Jul 21
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Idan Singh (Idan)Idan Singh (Idan)
19:53 07 Jun 21
Great Service for British Expats looking to move to the States.
Simone GarrettSimone Garrett
17:20 26 Feb 21
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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