Top 21 Real Estate Technology & Property Trends for 2023
Real estate technology has been rapidly evolving in recent years, and the introduction of cutting-edge technologies in real estate promises to change the way business is conducted in this age-old industry. The real estate market is a major component of the world’s economy, with a global value of over $7 196 billion.In some respects, the adoption of technology in real estate has lagged behind its use in other business sectors. It was partially due to a reluctance to change methods that had worked well in the past. Another factor that slowed down the widespread use of real estate technology was major players’ attempts to develop proprietary real estate technology tools.
But now, these issues are fading, and the market has seen an increase in real estate tech in recent years.
7 Ways Buyer’s Agents are Using PropTech to Sell More Homes
The 2020 outbreak of COVID-19 may have forced us all outside of our technological comfort zones, but homebuyers and buyer’s agents seem to have adapted quite well to our new normal.
Proptech (short for property technology) has grown exponentially since the beginning of 2020, and according to a recent survey of homebuyers, sellers, and real estate agents, the real estate industry is all the better for it. An impressive 85% of buyers and sellers said that the explosion of new property and real estate technology makes them feel empowered to make informed decisions. And 81% of agents surveyed agree that proptech has made their job easier.
Thanks to proptech, buyer’s agents have been able to serve buyers even when state governors issued stay-at-home orders – and even in states that deemed real estate agents as “nonessential.” Because of proptech, 6 in 10 prospective homebuyers said that they participated in a virtual, video, or remote home showing during the COVID-19 pandemic. Of those, 63% ended up making an offer on a home they had never seen in person.
4 Cool Real Estate Technology Trends That Help Sell Homes
Want to know the latest tech trends in real estate? The top four are augmented reality, virtual reality, drones, and virtual staging. Find out how each can help you sell your home.
It’s no secret technology is reshaping the real estate landscape. But to date, most of these technologies have been out of reach for the average home seller. That’s now beginning to change with some of the latest products to hit the market.
Up until recently, real estate seemed stuck in outmoded and old school ways of doing business. It’s still a very regional or local business in many ways. But technology has been making inroads and we’ll explore 4 of the coolest and latest trends.
1. Augmented Reality
2. Virtual Reality
4. Virtual Staging…
Ralene Nelson, REALTOR®
FOR SALE – 98 Bruning Ave. Rio Vista
4 bed/2.5+ bath/2,554sqft/9,583SF
PENDING – 822 Summerset Dr. Rio Vista
2 bed/2 bath/1,800sqft/6,582sqft lot
$450,000 – Welcome to Trilogy at Rio Vista, the active adult community located near the Sacramento River, center of the Delta area. This Hatteras model is 2 bedroom, 2 bath plus den has somewhat of a private backyard. Home has an extended garage, so is 2.5 car garage, room for your golf cart or motorcycle. Kitchen has oak cabinets, white appliances & tile counters. Primary bath has jetted tub plus walk in shower. Home has livingroom/dining room & kitchen that opens up to family room, which is cozy with gas fireplace. Seller has left surround sound system. Primary bedroom views the rose garden in backyard & has access to patio w/cover. Great place for a spa. Trilogy offers many ammenities that include 2 pools (indoor & outdoor) with spas, tennis courts, bocce ball courts, billards, computer room, health center (gymn, massage & aesthetician), library, cafe, restaurant, golf course & clubs galore. Let’s make this your next home!! READ MORE
FOR SALE – 718 Allender Way, Rio Vista
$545,000 – As you approach this gorgeous home, it radiates pride of ownership. Driveway has been extended with new concrete on both sides of the home. New exterior paint with newer drought resistant landscaping w/new walkway to front door & drip system w/timer. As you step inside, the home has new interior paint, baseboards & LVP flooring throughout. Kitchen has painted cabinets w/quartz counters, stainless sink & refrigerator. Then step out to the newly landscaped backyard w/new patio, custom pergola, 8 X 12 pool, security fence & all new perimeter fencing, as well as french drains from back to front. Primary bath has painted cabinets, new mirrors & light fixtures. His & Her closets with a barn door that provides bath privacy. Home has all new light fixtures, hardware, whole house fan, water filtration & softener, & reverse osmosis and electric vehicle chargers. Just bring you furniture & enjoy this move-in ready home and bask in the sun with a BBQ. Room for RV parking. Solar lease is only $89 a month, 25 yr lease & transferable. Just bring your furniture and enjoy!! Rio Vista is a quaint little located in the heart of the Delta, close to San Francisco, wine country, Sacramento. Enjoy water sports, fishing & duck hunting. MORE INFO
OPEN HOUSE, SATURDAY 7/29 12:00 – 2:00PM
FOR SALE – 181 Cedar Ridge Dr. Rio Vista
$499,900 – 2 bed/2 bath/1,433sqft
New Price $499,900 – Look no further!! This Clipper model is like a new home, completely renovated, from new sheet rock to all new cabinets throughout, new baths, laminate flooring, quartz counters, appliances, and new interior & exterior paint. Located on the 11th fairway, bring some patio furniture & enjoy the scenery. This model provides a living room/dining room & a nook/great room. Trilogy provides so many amenities, including 2 swimming pools/spas, bocce courts, billiards, tennis courts, pickleball, gym & more. READ MORE
FOR SALE – 731 Turnberry Ter Rio Vista
2 bed/2 bath/1410 sqft
$405,000 – NO BONDS-Spinnaker model with private backyard. This 2 bedroom, 2 bath home feels like a very relaxing cottage for a retirement home. The patio provides a quiet place for morning coffee & afternoon beverage. Den has built-in book/curio shelves & bay window. The Master bedroom has a bay window, which creates room for a sitting area. New hot water heater. Enjoy amenities such as golf, tennis, bocce, pools/spas & a new gym, and more. READ MORE
Events in Northern California this Weekend
Trilogy Theater Group “Fun Day”
Saturday, July 29 · 4 – 7pm
Trilogy Delta Club 1000 Summerset Dr Rio Vista
There is something for everyone in the Trilogy Theater Group. Whether you are an actor or aspire to be one – or prefer working behind the scenes, there is an opportunity for you in the Trilogy Theater Group!
At this event, you will meet our directors and actors, and the myriad of talents essential for making our productions happen: set design, sound, lighting, videography, costuming, ticket sales, concessions, prop management, stage, and house management, etc.
Free food and beverage! Raffle! Games! Lively interaction!
Surf’s Up: America’s Premier Beach Boys Party Band
Sat, Jul 29, 1 PM
El Campanil Theatre, 602 W 2nd St, Antioch, CA
Grab your ’44 Wagon, your freshly-painted board, and come on a surfin’ safari with America’s Premier Beach Boys Party Band–Surf’s Up! Perfoming right in the heart of summer, don’t miss this music explosion that covers the Beach Boys and so much more! Surf’s Up is one of the first true Beach Boys tribute bands in the world. They have been perfecting & recreating the Beach Boys sound for 25 years–literally since they were kids. Keeping it in the family, the band consists of 2 brothers: Donny & Danny Goldberg; their father Don Goldberg Sr. (who founded the group); and close cousin Denny Hardwick. Their sibling harmonies capture the authentic blend of the Beach Boys like no other. Not just another “tribute band”, these veterans naturally bring the magical “Sound of Summer” to the stage. Beyond The Beach Boys, Surf’s Up has a huge variety of music from the 60s, 70’s and 80’s to keep the party rockin’ all night long. WEBSITE
Country Night at The Ranch
Sat, Jul 29, 4 – 7 PM
Whether it’s an intimate club that calls for an acoustic singer/songwriter approach or a festival stage in need of a band that can pull out all the stops (David’s band, “The Big Time”, frequently accompanies him), David Parker and company welcomes fans to become a part of the family and keeps them engaged from intro to encore. Dream big if you’re gonna dream Give it all if you’re gonna give it anything You’ll never catch the wind if you’re afraid to spread your wings And don’t forget about the small things. WEBSITE
Stuck in Lodi Car Show
Sat, Jul 29
Open to all 1979 & older vehicles in beautiful downtown Lodi!