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A Sample Market Research Analysis Project in the Real Estate Industry

Case Study: A Washington-based client wants to venture into the real estate business. His prospect is to do business in King County, Washington, USA. However, before venturing into the business, he wants to understand the real estate market in King County. As such, he has contacted me for market research analysis which will help him understand the market and make informed decisions. Here are some of the most important market questions he wants to be answered.

• What is the trend of daily house sales in King County?
• How is the distribution of house purchases in the King County?
• Which properties based on the number of bedrooms are the least and highest bought?
• What is the average cost of Excellent, Good, Average, and Fair properties?
• Which part of the King County has the highest sales?

I am supposed to develop a dashboard and include a small report which answers these questions.

A Sales Dashboard for the Real Estate Market in King County, Washington, USA

Market Research Analysis Report Based on the Dashboard

On average and based on the market research analysis dashboard, the highest number of houses sold per day ranges between $400k - $600k. However, the trend is not constant. Overall, houses ranging between $200k - $600k are the highest sold. Based on the number of bedrooms, houses with 3 – 5 bedrooms are the most bought in King County.

Factored by bathrooms, houses with 2 – 3 bedrooms are the most bought and those with more than 4 bathrooms or less than 2 bathrooms are the least bought. Houses with Good Views and in Very Good condition are the highest priced with an average cost of $1274k. Finally, the southern part of King County has the highest sales compared to all other regions.

Getting Market Research Analysis Services Online

In the current tech space, markets have evolved to become more competitive. This has been possible due to the increasing data volume. As such, the has been an increasing demand for market research analysis services. Businesses are trying to stay afloat in the ever-evolving markets and therefore, placing the demand for market research analysis services all-time high.

What Benefits Can I Get Through Market Research Analysis Services?

• Market Opportunities: Through market research analysis services, you can figure out white space in your market and capitalize on it to enhance your profitability and also stay afloat in business for long
• Product Launch: Market research will help you in product pricing, evaluate consumer preference, and enhance competitive advantage
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The Work of Market Research Analysis Experts

You may ask, what exactly do market research analysis experts do? Well, experts who offer market research analysis services analyze market activities to provide businesses with data-informed insights about the prevailing circumstances in the market.

Through the use of reports, infographics, and ad-hoc deliverables, market research analysts can provide you with consumer behavioral patterns analysis, consumer preferences, and personalized information like demographics, location, and ROI determining factors.

Businesses leverage expertise information provided by market research analysts to gain competitive knowledge about their market and also get a general understanding of the market operations.

Types of Market Research Analysis Services You Can Get Online

Based on your needs, there are different types of market research analysis services you can get online. The following are some of the most common ones.

• Customer Interview Analysis: This type of market research analysis service will help you gather insights about customer experiences, preferences, and needs.
• Market Competitive Analysis: It involves the research and evaluation of competitors within a market segment or industry.
• Market Opportunity Assessment: This type of market research analysis service will help you evaluate potential market opportunities. It includes the analysis of market trends, market demand and size, target customers, and market segments.
• Market Trend Analysis: This type of analysis focuses on examining past and current market trends to identify trends and predict future developments.
• Product Testing: It involves conducting trials and experiments to gather feedback about new products before taking them to the market.

Connecting with Market Research Analysis Service Providers Online

At AfroResearch Inc. we empower your business to meet the optimum profitability and customer loyalty through innovative market research strategies and technologies. Our main focus is to help you understand your customers while they also understand your services and products.

Our experts have developed rich experience in market research analysis over the last 11 years. We have been offering consultation services across all industries locally and internationally.

Whether you are a startup or a flourishing Fortune 500 Company, we have the skills and experience you need to move your business to the next level.

We take pride in putting our customers first, therefore, you become part of us when you seek our market research analysis services. We will walk with you throughout the research and ensure that everything is well articulated making it easy to understand.

All our clients are valued and we deliver every project on time we are open to any further engagement even after project submission. Our open window is always an advantageous component that will help you with free consultation and discussion with experts about your project.