Tracking Property Sales and Market Trends Template

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Regularly review recent property sales and market trends with this comprehensive template. Designed for real estate brokers, it helps you stay updated with current property values and client demands.

By following the step-by-step tasks, you'll set up a robust system for tracking, analyzing, and leveraging market data, ensuring you provide the most accurate and effective service in the ever-evolving real estate market.

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Tracking Property Sales and Market Trends for Priority Matrix

Tracking Property Sales and Market Trends in Priority Matrix

Stay updated with property sales and market trends to provide accurate and effective real estate services.

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Proposed Tasks

High Impact, Quick Wins

  • Task 1: Set up a tracking system
    ☐ Identify the key parameters to track ☐ Choose a suitable tracking tool or software ☐ Set up the tool/software
  • Task 2: Identify reliable data sources
    ☐ Research potential data sources ☐ Evaluate the reliability and accuracy of data sources ☐ Finalize the data sources

High Impact, Long Term

  • Task 3: Establish a process for data collection
    ☐ Define the frequency of data collection ☐ Assign responsibility for data collection ☐ Document the data collection process
  • Task 4: Create a database for storing data
    ☐ Design the database structure ☐ Build the database ☐ Test the database
  • Task 5: Establish a process for data analysis
    ☐ Identify key metrics to analyze ☐ Define the process for data analysis ☐ Document the data analysis process

Low Impact, Quick Wins

  • Task 6: Train team on the new system
    ☐ Develop training material ☐ Conduct training sessions ☐ Ensure understanding and adherence to the system
  • Task 7: Start data collection
    ☐ Begin data collection as per the established process ☐ Ensure data is being entered accurately into the database
  • Task 8: Start data analysis
    ☐ Begin data analysis as per the established process ☐ Identify trends and insights from the data

Low Priority / Maintenance

  • Task 10: Continuous improvement of the system
    ☐ Regularly review the system for any improvements ☐ Implement improvements as necessary
  • Task 9: Regularly review and update data
    ☐ Review data at defined intervals ☐ Update database with new data