Recommendations for the client
Lone Star Realty has asked assistance in providing some recommendations and analysis for their real estate practice. They are considering expansion plans to include the opening of a second office that would continue to focus on their target market of buyers and sellers in a price range of $250,000 to $400,000. To that end, our analysis has revealed some interesting information that we think is beneficial:
- In ArcMap, turn on the
ZillowNeighborhoods_SimilarandPotentialNeighborhoodExpansionlayers as shown in the following screenshot:
- The current office is located in the far northern section of the metropolitan area and is well located for servicing real estate sales in their target market. It is surrounded by a number of neighborhoods that are experiencing high sales activity.
Our similarity search for neighborhoods in San Antonio that have the same characteristics in terms of variables such as average sales price, number of bedrooms and baths, and number of days...