% Difference of asking and selling prices: It is the % difference between the asking and selling price of the properties the real estate agent is selling. # of Houses your real estate office sold / # Total Houses available in the region you determine. MarketĪbsorption Rate: Define a market or area and then divide the total number of available homes by the number of homes sold over the given time frame. (The number of leased and/or sold houses) / number of staff. Management efficiency: This metric shows how efficient is your management. Revenue per square foot: It is the average net revenue amount you gain per square foot. #Houses rented / Listed houses (or listed as for renting). Vacancy rate: This metric tracks how many houses or estates have been rented over total listed units. # houses sold / Listed houses (or listed as for sale) Sold homes inventory ratio: This metric tracks how many homes were sold out of the total listings in a given market. Weighted average RSUQ: Visit % (House A) / Square foot (House A) + Visit % (House B)/ Square foot (House B) + … Depending on the preferences the formula stands for:Īverage RSUQ: Total visits / Total square feet of the house visited OR Rented space usage quality (RSUQ): It is the average number of customer visits a day divided by rented space. Number of visits per real estate sale: This is the average number of times a realtor shows the property to potential buyers before the property sells.
Repair and Maintenance Costs: It is the average amount of cost of a house for the repair and maintenance of an estate. Rent-Ready Costs: It is the average amount of cost of a single house to get prepared for renting. Renting Costs: It is the average amount of cost which occurs during the renting process. Net profit: It is the net profit you obtain at the end of the month after you subtract all your costs from your costs. The net profit you make (in a month or given time ) / The sum of the square foot of the estates which you earned a profit. Profitability per square foot: It is the average net profit amount you gain per square foot. The total commission in a month (or a given time) / # of salespersons in the Real Estate office.Īverage dollar per square foot: This metric shows the average price per square foot in a given market over time.Īverage sold price: This metric shows the average home prices in a given time to understand the trending and the structure of a given market. The formula stands for: The total commission in a month (or a given time) / # of transaction Real Estate office launched in that given time.Īverage commission per salesperson: This is the average amount of money a real estate agent makes for each transaction. Company PropertiesĪverage commission per sale: This is the average amount of money a real estate office makes for each transaction. Such as if you are going to use a simple average formula or a weighted average formula. Choose and determine the best formula for your establishments. Detailed Description of Real Estate KPI Metrics:ĭepending on the preferences and business types of each establishment some formulas may vary. When you are analyzing the Real Estate KPI dashboard, you can compare your monthly and cumulative results and try to understand past year and company targets realization rate. According to the selected KPI, of course. Here, we aim to give a clear visual representation of your Real Estate KPI performance. For example, if you are going to measure new Net Profit metric to the Current Year Actual section, just add it to the CY Target and PY Actual worksheets.Ĭharts section will help you compare your data trends forming with the line chart.
Warning!: The metrics we input are easily modifiable however please do not forget that once you type your metrics or change existing ones, you should change/add the metric on other sections as well. The navigation button enables you to switch between other worksheets and the last three buttons stand for Current Year Actual, Current Year Target, and Past Year Actual which you can input your values manually in this Excel Template. Now, let’s look closer to each of them! Real Estate KPI Dashboard Template Features: This Real Estate KPI Dashboard will help you to understand what is missing or what causes your performance to stay in the same level.īy researching some of the most important KPIs, there are 25 commonly used Real Estate KPI Metrics under 5 different categories: In the direction of improving the performance nowadays more and more managers are using Key Performance Indicators to make their office or system more effective and efficient. So there is always competition and it is important to get the big part of the pie. The property management industry is a highly diversified sector.
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