UrbanDigs.com has relaunched with several new tools for consumers and brokers as part of a series of planned improvements that could pave the way for the data research site to expand beyond Manhattan into other markets or verticals.
The website, which provides real-time data on the Manhattan real estate market from a variety of sources, is working on a mobile app, said founder and CEO Noah Rosenblatt.
“Mobile is a big part of our future, as is an expansion of our price opinion model here in Manhattan,” Rosenblatt said in a statement. “I can also foresee UrbanDigs.com heading into additional markets, whether it be the outer boroughs or other vertical markets.”
The relaunch provides a “chart room” that lets users cross-reference data, taking into account variables like recent building sales, unit size, market trends, days on market and comparable sales.
“This information can help a seller price appropriately, a buyer negotiate with savvy and a broker advise their clients with hard data to back up their conclusions,” said John Walkup, partner and COO of UrbanDigs.com, in a statement.
A new “price your own apartment tool” uses a unit’s specifications, comparable sales and personalized information to generate suggested valuations.
UrbanDigs.com, which also offers a closed sales search and reports tool, is “sophisticated enough for a real estate professional, yet user-friendly enough to assist the consumer,” Walkup said.
A limited-use version of UrbanDigs.com is available free to registered users. A “light” subscription package for consumers is available for $10 per month, while a “professional” version for agents that includes the ability to generate branded reports is priced at $39.95 a month.