With this new release, LoopNet’s comps database increases the number of commercial sale transactions reported as well as the amount of data available with each of those transactions.
Enhancements to the product, ease the finding of information to help real estate brokers, owners, investors, lenders and appraisers make better informed property pricing decisions.
A more intuitive design simplifies the search process for finding comparable sales.
The product now includes 35 new data fields with more owner and mortgage information, property tax and assessed values, more Tax IDs, APNs and deed document numbers.
The original listing’s marketing flyer is included with 25 percent more comps and 60 percent more comps now have photos.
Property Comps now includes more than 23,000 REO/Bank Sold property sales. The fact that REOs accounted for 16 percent of all new comps recorded by LoopNet thus far in 2011, is an indication of their influence on the market.
The Property Comps database has grown by more than 25 percent in the past year and now contains over 1.5 million arm’s length transactions.