DotHomes (formerly Extate) launches valuation tool

This is hot and they're calling it Statistics, I didn't notice it this morning. First glance is very impressive. DotHomes is offering users the opportunity to compare property prices and "percentage return" for postcode specific queries. The percentage return graph compares FTSE 100 with the percentage return and timelines BoE interest rate changes. So far, it's the closest thing to Zillow outside of the United States. DotHomes have yet to release exactly how the percentage returns are calculated
The DotHomes percentage returns is unique in that it plots valuation data - as given by "interpolated hedonic sold-price data" coupled with asking price data and is not not plotted by sold-price data as given by Land Registry.

"Land Registry data includes no mention of property characteristics. So, if five 3 bedroom houses in 2003 and two basement studio flats are sold in 2004 then obviously the Land Registry average for the area will drop massively. This does not mean that prices have actually fallen. (Also, Land Registry data only runs from 2000.) ... It also rather happily provides property ROI plots (with rather interesting comparisons against other assets)," according to BytePlay Executive and co-founder Douglas de Jager.

The new service is not yet available on their South Africa website, but it's sure to be a hit with property professionals as well as webmasters and especially bloggers as DotHomes allows statistics to be embedded in websites.