New ways to find comparable properties with CASAFARI

CASAFARI has updated its Property Valuation tool and Comparables API by refining its algorithm’s scoring weights across expanded property groups, including apartments, houses, investments, and buildings. With the introduction of multi-subtype selection, such as studios, duplexes, penthouses, and standard apartments, professionals can tailor their valuation criteria to generate more flexible and accurate comparative market analysis reports.

Upgrading how we show comparable properties

Before selecting the closest comparables of a property, CASAFARI takes into account many different factors. After all, we need to make sure we’re showing you the perfect match, right?

Each criterion receives a different scoring weight, based on its importance and how much it influences the property price. All together they compose the algorithm that determines which properties are comparable and compete against each other on the market, in relation to the one being evaluated.

Recently, after gathering the precious feedback from our customers, our algorithm has been improved. Now, more property types were included within the apartments, houses, investments and building groups in our Property Valuation and they received their own scoring weights. Finally, all our criteria for scoring weights have been changed to reflect what buyers, sellers and real estate professionals really value on the market nowadays.

These changes provide more flexibility in valuations and more accurate comparisons.

How CASAFARI’s market analysis helps estate agents sell more and faster

More autonomy for you to choose the comparables

Another piece of good news is that now CASAFARI customers will have an increased autonomy about which properties should be taken into consideration when running a Property Valuation.

How? With our new multi type selection, that allows you to select which subtypes of real estate should be taken into account for comparison.

Example:

You wish to sell a 2-bedroom apartment in the city centre of Lisbon, but need an idea of what is the fair market value for a property such as this one.

The first step is going to CASAFARI’s Property Valuation tool and selecting the kind of property you need an analysis for. You would be able to choose if CASAFARI should consider:

• Studios;
• Duplex apartments;
• Penthouses;
• Standard apartments;
• Some or all of the above.

How to make a property valuation with CASAFARI

With this update, when you extract a market analysis report, you can make sure that will get listed as comparable properties only those that are valid in your view, your client’s or in the market’s.

Where are these changes reflected?

Both the new scoring weights to set the criteria for choosing comparable properties and the multi subtype selection of properties can be found in the Property Valuation and in our Comparables API.

From now on, every market analysis report you extract with CASAFARI data, no matter with which of our products, is updated and ready to help you sell more and faster.

The advantages of using CASAFARI’s property data API

CASAFARI operates across 16 countries and is now entering the United States in selected states for commercial real estate only via Claro AI. CASAFARI indexes over 310 million listings, sourced from more than 30,000 agency websites, property portals, banks, and other sources.

CASAFARI is also updated constantly to provide clean, accurate, and organised data that supports the day-to-day decision-making of all real estate professionals.

Frequently asked questions

How does CASAFARI’s algorithm select comparable properties?

CASAFARI evaluates multiple criteria, assigning each a specific scoring weight based on its market importance and influence on property price. Expanded property types within apartments, houses, investments, and building groups now have dedicated scoring weights reflecting current buyer, seller, and professional priorities.

What is multi-subtype selection in CASAFARI’s Property Valuation?

Multi-subtype selection gives users autonomy to choose exactly which property subtypes are included in a comparison. For example, when valuing a flat, an agent can choose to compare studios, duplexes, penthouses, standard apartments, or a specific combination of these.

In which CASAFARI products are the updated comparable rules available?

Both the updated scoring weights and the multi-subtype selection feature are live in the CASAFARI Property Valuation tool and the Comparables API. These features ensure every comparative market analysis generated across these tools reflects the latest property parameters.

Can I manually add or remove comparable properties in a valuation report?

Yes, alongside selecting property subtypes prior to running the analysis, users can add or remove comparables in your valuation manually to tailor the final market analysis report to their client’s needs. This option gives estate agents full control over the final selection of comparable properties included in the report.

Does CASAFARI include both asking prices and closing prices in its valuations?

Yes, CASAFARI provides asking prices indexed from over 30,000 sources alongside closing prices sourced from official open data, notaries, and client-reported transactions. This dual approach ensures real estate professionals can analyse both current market listings and historic transaction figures.