Cindy Zetts, who writes the Real Estate Deal for the Seattle Times, blogged about the Zip Realty version of Price Me Now. She wants to know your IQ. Her post, titled “Armchair agents, try this real-estate pricing game” is here. She played 15 homes and got a 111 Property IQ. She wants to know yours - head on over to her post and enter your IQ in the comment string.
We are now live with Price Me Now in association with our first national real estate partner, Zip Realty.
You can find a link to the game on their home page:
And once you login, you will see the banner on the property search and home detail page, shown below.
You can currently play in three metro areas: Boston, Seattle and San Francisco. You can start by choosing one of the Top Play Locations or enter an address in the search bar (if it is in one of these three metro areas).
The game is predicated on players predicting the sales price of homes on the market. As more predictions flow in, we will let you know how your predictions compare to others in the market. Once the home sells and the sales price is available in the public records, we will let you know how you compare against the market.
So, now you can track home prices near where you live, in your favorite neighborhood or where you want to live some day. By participating in the game, you will test your knowledge, learn where the market is going and have fun in the process.
We were nominated for the Inman Innovation Award in the area of Web Services. We are in very good company with Zillow’s Mortgage Marketplace, Krunching, Foreclosureradar and Estately.
Read more here.
This morning we launched Price Me Now, the real estate prediction game, in Cincinnati Ohio with our broker partner Comey-Shepherd. You can start predicting prices for homes in Cincinnati here.
This installation covers the entire Cincinnati Metro Area. You can get started by clicking on one of the top play location links or enter any address, zip code, neighborhood or landmark in the search bar. We’ll locate you on the map and serve up homes near this location for you to start pricing.
This is a great way to price homes near where you live or where you are looking to move. Price Me Now is the first real estate prediction market game that gives you an IQ - the Realius IQ - which is a measure of how well you know the market. If you are buying, selling or just watching the market, Price Me Now is the only place where you can test your market knowledge and get a real time read on what people are thinking about real estate prices. As the price predictions flow in, our patent pending learning algorithm cranks through the data to determine the Realius Price - the predicted sales price of the home based on the collective wisdom of the crowd.
I will be presenting about our revolutionary marketing and prediction market platform at the 7th Annual JMP Securities Research Conference tomorrow. I will be joined by John Cunningham, our chief mathematician, who report on some of our early findings regarding the predictive qualities of our platform and player price estimates. We are honored to be one of the few private companies that will be presenting at this distinguished conference.
Congratulations to J. Richard Brewer from Algonquin, Illinois, the winner of the April Real Estate IQ contest sponsored by iHouseWeb running on the Price Me Now game site, iHousegames. Richard has been in the building trades industry for over 20 years and he had a three-year stint in the residential mortgage industry. For the past year, he has been a licensed Realtor with Coldwell Banker Primus.
When asked about his thoughts on the Price Me Now game, Richard was succinct and to the point -
“I love that game! It really helps keep me sharp!”.
A look at Richard’s player profile in the game shows that he really knows the Illinois market. He played 24 homes and had an IQ of 167 for the month of April.
It is not too late for you to play and win. iHouseweb is sponsoring a May contest. This time there are prizes for the top three places.
Drew Myers from Zillow sent me a note the other day to highlight a post on their forum:
It is titled “Who wants to play Guess the Price of That House?”
So I checked out the comment thread. Well, they are playing our game “Price Me Now” right there on the Zillow Forum. It is much more fun to play this game when you add a scoring model (Real Estate IQ), more pictures of the home, an interactive map and comparable sales data.
If you want to test your market knowledge and see how you stack up against the experts, give Price Me Now a spin. You can pick for a handful of locations right now from our homepage. There will be more locations - domestic and international - coming soon.
If you would like to add the game to your website, contact us at “info at realius.com” and we’ll see what we can arrange.
While at the Inman Real Estate Connect Conference in New York at the beginning of 2008, Joel Burslem interviewed me about Realius. The interview covers the company vision and early results from our beta site. You can watch the interview here.
Marc over at 1000watt Consulting embraces innovation with an open mind. In his blog post the other day title The pot of gold at the end of real estate’s rainbow coalition, he points out the various innovations that have been brought to the real estate industry from “outsiders”. In defining the Rainbow Coaltion, Marc states:
One could argue that in the 90’s, the first wave of Internet invaders were made up of dot-com rustlers looking to wrangle consumers away from the traditional real estate coral. By 2002 - high noon - most if not all them were gunned down or run out of town.
Today the landscape sparkles, augmented by a beautiful rainbow forming over yonder. It’s comprised of a pantone chart of vendors, bloggers, thinkers and innovators with new perspectives, deep intelligence and wonderfully fresh offerings. You know some of them — Joel, Dustin , Seth — who join with many others like Jessie, Chuck and other new entrants with cool, new, engaging ideas.
Real estate today. It’s a rainbow coalition of outsiders, insiders, consumers, MBAs, college students, Americans and friends abroad all participating in the construction of a new real estate experience. Not only for themselves, but for everyone.
We’re honored to be part of Marc’s coalition.