FazWaz automated valuation models (AVMs) are built by a team of data scientists and backed by advanced machine learning and a robust range of data sources. The FazWaz property platform has the most up-to-date inventory and data-sets in Thailand. Our company is pioneering the digital valuation of real estate in Thailand and FazWaz conducts monthly internal tests and regular tests with financial institutions and lenders, to make sure our products consistently meet the high standards our clients expect.
Median absolute percentage error (MdAPE) is a standard measure of a valuation model’s average deviation from observed property transaction values — the lower that number is, the better. Our MdAPE is always improving as we fine-tune our valuation models.
Curious about how accurate our AVM estimates the sales price in your region? Check the table below to see how we measure up in the areas and for the property types that matter to you.
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 43% | $20,900 SGD | 21 |
| Chiang Mai | 25% | $6,840 SGD | 113 |
| Phuket | 5% | $6,760 SGD | 197 |
| Hua Hin | 54% | $8,650 SGD | 114 |
| Koh Samui | 45% | $14,900 SGD | 67 |
| Pattaya | 30% | $6,770 SGD | 93 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Phuket | 9% | $8,810 SGD | 5 |
| Pattaya | 3% | $293 SGD | 10 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 3% | $1,580 SGD | 2102 |
| Chiang Mai | 2% | $1,930 SGD | 169 |
| Phuket | 1% | $506 SGD | 875 |
| Hua Hin | 13% | $2,010 SGD | 72 |
| Koh Samui | 4% | $1,960 SGD | 39 |
| Pattaya | 3% | $583 SGD | 1209 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 5% | $5,630 SGD | 19 |
| Chiang Mai | 1% | $1,220 SGD | 18 |
| Phuket | 2% | $2,030 SGD | 12 |
| Hua Hin | 167% | $5,300 SGD | 3 |
| Koh Samui | 9% | $4,020 SGD | 5 |
| Pattaya | 63% | $8,020 SGD | 5 |
Our industry-leading dataset comes alive in the instant valuation tool that estimates the market value of a property in seconds. It estimates the market value based on publicly available and FazWaz generated transaction data, taking into account property details, location and current market conditions.
To give homeowners the most accurate valuation, we ask them a set of questions when they list their home on FazWaz – It takes less than 5 minutes and is more than twice as likely to be within 5% of the home's selling price as other online home-value estimators.
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