Archive for September, 2008

New Player Profile and Home Detail

We’ve updated our player profile and home detail pages to make them much more useful.  Here are the highlights.

Player Profile – we now list all your predictions in an easy to read table format. You can filter the list by the locations you have played.

I like to play the homes near where I live, so one of my top locations is my home address.  Every couple of weeks, I start the game and play this location so that I can stay on top of prices in my neighborhood.

We also separate the homes you have made predictions on by status – For Sale, Pending and Sold.  The “For Sale” homes are still on the market and the Community Price is changing as more predictions flow in.  You can scan the list quickly to see which homes are getting lots of action – we list the number of predictions on each home.  The “Pending” homes are off the market, but the sales price is not in yet.  There are no more predictions on Pending homes – we are just waiting for the sales price to be recorded.  Lastly are the “Solds”.  In the upper right hand portion of the page, we show the homes that you have predicted and we have collected the sales price.  We let you know your IQ against the final sales price and we show you how your prediction ranks against others.

Click any home address to get to the new Home Details Page.

The Home details page shows you all the predictions on the house sorted by the closest to the Sales Price for homes that have sold or Community Price for homes that are still on the market or Pending.  For homes that have sold, in the last column, we record your final Property IQ – the measure of how well you predicted the sales price.  One thing to keep in mind when viewing the Property IQ – not all homes are measured on the same scale.  If the final sales price is much higher or lower than the list price, then it is more difficult to predict the price.  These homes will generate a higher IQ if you nail the price.

For homes that are still on the market, we show you how you IQ is changing as the predictions flow in.  If you entered one of the early predictions on a home, make sure you check back to see how your prediction is standing up as more flow in.  If you were wondering how many predictions are flowing in – just check out these three homes in my profile – they have 115, 117 and 78 predictions respectively.  Now that’s alot of insight into these three properties.  If you are wondering what the market things about the value of a home you are selling or buying.  Play it in the game (if it is on the market you can find the home by entering the address in the search bar on the home page), price it and then go to your profile and check out the predictions.  Want to see what others think – invite them to make a prediction.

So there you have it. With the power of  the Price Me Now prediction market, you can finally get a sense of what the community thinks a house is worth.  Best of all, if you watch the predictions while the home is on the market, you can get a good sense if the property is properly priced.  Power to the community.  Price away!

Posted on 09/29/08 8:27 PM | 1 Comment »
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