Matterport's 3D Virtual Tours are Spreading Through the Industry

More news to come out of the ever changing market landscape due to the Coronavirus. 

Virtual property tour provider, Matterport, has reported impressive numbers since the beginning of the month when it comes to camera sales. The company has said there has been a 600% increase in 3D camera sales since the novel virus COVID-19 started its spread across the world. 

As quarantines are put in place by governments everywhere, and as businesses are forced to change their models to adapt to skeleton crews, dwindling numbers across the map, and the safety of their consumers and workforce, alike, property portals are turning to virtual tours and inspections to continue business but stay safe. 

Zoopla's CEO, Andy Marshall explained that in the last two weeks, the company has seen a 215% increase in virtual viewings of new homes. He has stated that though this is due to the Coronavirus pandemic and consumers staying at home, he expects virtual tours to become the new norm after the virus is put under control.

Matterport has taken a number of steps to assure its place in the market and prepare for whatever the virus brings to its doorstep. It recently entered a partnership with JP & Associates REALTORS (JPAR) to offer a Matterport 3D virtual tour. Matterport offers a one-stop-shop for virtual tours, facilitating scheduling, capturing of visuals, and the digitization of a property to present to perspective buyers. 

The company also brought on a new Chief Marketing Officer to take control of advertising and spreading its presence while property marketplaces everywhere scramble for an answer to the issues that arise from quarantines. 

Roche Realty Group of New Hampshire, has also incorporated Matterport's technology to help its clients navigate the real estate search and closing processes while confined in their homes.

Matterport is taking a less than pleasant situation and bringing about success. Its innovative cameras and 3D digitalization technology is helping other portals stay afloat and, in turn, changing how the market buys and sells real estate, moving forward.