Market Dashboards - Listing Map and Comp Sets

Market Dashboards are fully automated personalized dashboards that can help you track your location’s STR booking data through easy to digest graphs and insights. 
New user accounts with listings imported in PriceLabs will be credited with 1 free dashboard to help you figure out what is happening in your market. Updating the dashboards after the trial costs $9.99 per dashboard per month. 

Listing Map and Comp Sets

The map will show the approximate location of the current active listings in the report area. You can hover over each dot on the map view to see how many bedrooms that listing has, along with the average rate over the next year. The size of each dot is determined by the number of bedrooms the listing advertises, while the color of the dot corresponds to the listing's average rate. The tool in the top right of the map will let you pan, zoom, and select areas on the map. Double-click on the map to unselect any selections you've made (if you're using a trackpad, you'll need to click and not tap). 

Please note the defined dashboard radius is the maximum limit, and we get the closest x number of listings from its center point. If you notice on this map that the generated listings aren't covering the whole radius, it's only because your dashboard hit the maximum listing count. 

Creating a Comp-Set

The complete steps on how to Create a Comp Set is outlined in this article: How to create and apply Custom Compsets

The Summary Section   

The Summary Table shows the number of active listings in the area, along with median pricing, LOS, and booking window we've seen over the past year for the full set of listings and each bedroom category.  

The Supply and Demand charts below the table show the total booked nights (demand) received in a 7 day time period or indicated month ending on the indicated date. You can also see the number of total active listings for that period as well. 

(Watch Video)

The Market History charts show the average revenue, occupancy, booking window, and length of stay for listings that saw bookings in that month. If a booking spanned multiple months, the revenue for that stay counts toward the month with the check-in date. You can view these trends averaged by month for the entire market, or by bedroom category. 
(Watch Video)

You can click the menu to see those figures broken down by bedroom category if you'd like to see a more detailed view for each month. 

 

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