AI pricing homes for sale
In my last few columns, I wrote about artificial intelligence or “bots,” and their uses for real estate selling, buying etc.
I looked at Grok from X , ChatGPT and Meta’s AI. There are other AI programs out there like Claude, Gemini, DeepSeek, Perplexity, Alexa, Cortana and more.
I decided to stay with what I consider to be the most popular but feel free to take a look at these other ones if they interest you.
This week, I asked the bots to determine a fair market value for one of my listings, in Kelowna. I put in the actual address and let them do their thing.
First up was Grok 3. It went all out and came up with 625 words which I asked to be trimmed down to 150 words.
“To price the home at (the address in Kelowna) I analyzed its 2,527-square-feet size, five bedrooms, 3.5 bathrooms and 9,583-square-foot lot in Black Mountain. Comparables on (the same road) show smaller homes (1,369 square-feet to 1,853 square-feet) valued at $854,100 to $908,800 in 2023–24. Kelowna’s January 2025 benchmark price for single-family homes is $1,030,600, up 5.4% year-over-year, but Black Mountain is slightly below average. Using a $490-square-foot to $550-square-foot range from comps, the home’s value is $1,238,230 to $1,389,850. High inventory (nine........
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