Scott Sambucci of Altos Research Talks New Blog Tools at the REBarCamp in Denver

BrokerIPTV: Hi. This is Mark Eibner and we are coming to you live from RE BarCamp Denver and I have Scott Sambucci with me and Scott, welcome to the show.

Scott Sambucci: Thank you Mark. Good to be here.

Interviewer: Hey, it's good to see you. Everywhere we go, Altos Research is everywhere. Can you tell us, you are based out of California, any interesting stats you guys are seeing?

Scott Sambucci: Yeah, we were just talking before looking at some of the prices and the absorption by price level, what we were seeing in a lot of places are, places like Phoenix, Minneapolis, where the prices are the lowest is where the activity is and so it goes back to the old supply and demand argument, prices fall, there is going to be demand at some price and so I am not sure if it's the you know signs of a recovery or it is just good activity, but you know a lot of agents are fighting the whole you know headlines say this, what's going on in my neighborhood and so it's a good opportunity I think for agents to understand... really understand the local market to capitalize, make their buyers understand that this is the time to buy and for the sellers to help them kind of wade through the morass of information that's out there.

Interviewer: Right and you have got a great product. It's kind of a stat driven, sales price. Tell us about your product.

Scott Sambucci: Yeah. So... I mean everything we do is focused on answering that how is the market question. So, we do personalized market reports that agents can bring to listing presentations, use with the buyer clients. We have a drip e-mail system called Altos Connect where you simply just add a client and their e-mail address and then we will send it out every week or every month as they choose. We have some nice website live feeds so agents can have live stats on their website. So, somebody comes to your blog and wants to know, "Hey, what's going on in Scottsdale? What's going on in Austin?" they have got, you know, not just your blog post describing what's happening, but also some nice stats they can see for themselves.

Interviewer: Hey, you guys have got some nice widgets for plug ins like WordPress blogs and TypePad blogs etc.

Scott Sambucci: Yeah. We just... just finished up a WordPress blog that we are getting approved by WordPress. So, all of our WordPress users will have a nice contact form that anybody visits the websites can just fill out this form and then they will get an automatic market reports [Inaudible].

Interviewer: So, what city are you seeing the greatest let's just say increase in overall activity based on the stats you guys have?

Scott Sambucci: Well, Denver has been in the news recently. I mean you are here locally. They had a nice little bounce in the spring. You know, Denver never really hit the high peak, it never really hit the valley. I think it is some solid fundamentals here economically. We saw that same thing in Dallas, in Austin. You know, Miami is still seeing some hard times, but you know I think that's to be expected with some of the overbuilding and things. You know, it's... it all goes back to real estate is local. So, even some places that are down like Detroit you can find some good pockets like Ann Harbor, Michigan. People want to live there. Palo Alto, people want to live in Palo Alto. So, home prices are good even though in the Bay Area they might be depressed.

Interviewer: Great. Well, appreciate you seeing here again Scott and you guys have got a great product. I actually use it myself.

Scott Sambucci: Well, thanks. Appreciate you being a client.

Interviewer: All right.

Scott Sambucci: All right. Thanks Mark.

Interviewer: See you.

Posted on June 05, 2009 07:17:45 by Blog Author