Our client, a large real estate company based in the US wanted to leverage a condo pricing model based on analytics to determine prices for their condos.

The client wanted to re-look at the current pricing, which was not optimal, and build a tool that would help price various condos. Their existing methodology for determining condo prices involved keeping track of similar sales in the region and determining prices intuitively.

• Incorporating the effects of the location of a building, which are not easily quantifiable
• Numerous correlated factors, such as square footage, number of bedrooms, bathrooms, floor height, patio area, view, etc., have to be considered