""Maponics"":http://www.maponics.com, a provider of location-based data headquartered in Vermont, plans to offer a subdivision boundaries product for vast U.S. coverage, mapping more than 500,000 subdivisions by year-end.
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According to the company, the real estate industry has long recognized that the immediate area surrounding properties significantly impacts home values, but up until now has had no reliable and systematic source for subdivision boundary data.
In suburban settings, the smallest defined area around properties is typically the subdivision - which can include everything from a few homes within a gated community to a development with hundreds of properties. Maponics says its new patent-pending technology will automate the generation of these boundaries on a wide scale.
""Maponics location and boundary data is already the standard in the real estate industry, which we have adopted to provide a better user experience and help make Realtors more effective and successful,"" said Marty Frame, president of ""Realtors Property Resource"":http://www.realtor.org/about_nar/realtors_property_resource, a database service to members of the National Association of Realtors.
Frame continued, ""Maponics subdivision boundaries are a natural extension of their neighborhood data as they pro-
[COLUMN_BREAK]vide more granularity and coverage for the areas that define the communities around properties in the ways our users actually think about them.""
Maponics' subdivision boundaries solution is aimed at consumers and real estate professionals, providing search and display, interactive mapping, trend and analytics reporting, and automated valuation models. Maponics used a blend of geographic information system (GIS) and public location records and applied more than 50 quality metrics.
""With neighborhood, school, and ZIP code boundary data, Maponics is already a one-stop shop for real estate map data,"" said Galen Ward, founder and CEO of the real estate brokerage ""Estately"":http://www.estately.com/about. ""We are excited to see them tackle subdivisions, which let consumers know if a home is a deal or a dog because being in the right subdivision can add tens of thousands of dollars of value to a home.""
Maponics' subdivision boundaries product will expand quarterly through a subscription model. Early adopters will receive updates at no additional charge.
Multiple listing service (MLS) providers, real estate companies, local search players, and mobile application developers interested in participating can contact Maponics about building subdivision boundaries for their local areas ahead of the rollout.
""Subdivision boundaries is an excellent example of automation, GIS expertise, and a focus on quality coming together to create a product that addresses a fundamental industry need,"" said Darrin Clement, CEO of Maponics.
Clement added, ""I'm extremely proud of our team for developing an innovative approach that not only represents significant intellectual property but also enables us to respond quickly to customer requests for geographic coverage and provide a new set of custom polygon services.""