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Most accurate auction agents announced, realAs

How close were your auction price guides in the last month? realAs.com, have announced a new leader board of the most accurate real estate agencies in NSW and Victoria.

realAs.com price predictions are changing the way Australians search for and buy homes. It’s the product new algorithm which predicts how much a home will sell for (on average, within 5% of actual sale prices), while it encourages buyers to exchange views about homes they have seen.

Here are the Top 10 most accurate real estate agencies for VIC and NSW, plus the corresponding realAs.com prediction accuracy – some real estate agencies were more accurate than realAs.com.

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With respect to the data:

  • it is for auctions in March
  • from Victoria and New South Wales
  • only real estate agencies with 4 or more auction results were included
  • the “Sold Price vs Agent Quote” is the average percentage difference between the sold price and the agent quote
  • the “Sold Price vs realAs.com” is the average percentage difference between the sold price and the realAs.com prediction.

Current realAs.com price prediction algorithm accuracy is:

  • realAs.com predictions are on average within 5% of final sale price
  • 64% of predictions are within 5% of final sale price
  • 89% of predictions are within 10% of final sale price
  • 99% of predictions are within 20% of final sale price.

 

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