Real Estate Virtual Tour Statistics 2024
– Everything You Need to Know


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Real Estate Virtual Tour Statistics 2023: Facts about Real Estate Virtual Tour are important because they give you more context about what’s going on in the World in terms of Real Estate Virtual Tour.

LLCBuddy editorial team scanned the web and collected all important Real Estate Virtual Tour Statistics on this page. We proofread the data to make these as accurate as possible. We believe you don’t need to check any other resource on the web for Real Estate Virtual Tour Facts; All are here only 🙂

Are you planning to form an LLC? Thus you need to know more about Real Estate Virtual Tour? Maybe for study projects or business research or personal curiosity only, whatever it is – it’s always a good idea to know more about the most important Real Estate Virtual Tour Statistics of 2023.

How much of an impact will Real Estate Virtual Tour Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your Real Estate Virtual Tour related questions here.

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Top Real Estate Virtual Tour Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 70 Real Estate Virtual Tour Statistics on this page 🙂

Real Estate Virtual Tour “Latest” Statistics

  • 80% of individuals, according to a Markletic survey, visit online museums, exhibitions, and seminars for more knowledge.[1]
  • Over the last several years, the number of people seeing online displays has surged by over 4,000%, signaling a substantial change in the tourism sector.[1]
  • Google statistics show that companies providing virtual tours have a 16% better probability of turning up in Google Search or Google Maps.[2]
  • Following travel agencies, the automobile sector also produces a lot of 360-degree content, with 54% of corporate sites including 360.[2]
  • Customers considered photographs very helpful in 89% of these cases, whereas 50% preferred virtual tours.[2]
  • Regarding real estate listings, high-quality photos are crucial since 89% of customers believe them to be very helpful, and 85% prefer extensive property information.[2]
  • 54% of purchasers won’t even consider a house if it doesn’t include virtual pictures.[2]
  • According to real estate 360 virtual tours data, a virtual tour influences a customer’s choice in 75% of cases.[2]
  • According to real estate photography data, 80.2% of participants believe a listing’s front photo is more persuasive.[2]
  • 83% of businesses assert that they have a stronger competitive advantage, and 74% assert that they have won more listings.[2]
  • The typical listing featuring a 3D virtual tour sold for up to 9% more on average and closed up to 31% quicker, depending on the market.[3]
  • Listings with 3D Tours, on average, depending on the market, the deal was closed at a 4%-9% higher price. The south market closed up to 31% more quickly.[3]
  • Properties with a Matterport 3D digital twin sold 20% more quickly on the market than those without one.[3]
  • Real estate may sell up to 31% more quickly and for a higher price with 3D Tours.[3]
  • By cutting down on wasted viewing time by 40%, 360 virtual tours help vendors save both time and money.[4]
  • Around 87% more people see a property with a virtual tour than listings without 360 virtual tours.[4]
  • According to a recent trend analysis by Planet Home, 75% of prospective consumers and visitors see a virtual tour as a key tool for making decisions before purchasing.[4]
  • If a house doesn’t have a 360-degree virtual tour, over 50% of buyers won’t even consider it.[4]
  • A virtual tour on a hotel website may boost reservations and look-to-book conversion rates by as much as 16% to 67%, according to research by TIG Global and Omni Hotels.[5]
  • 67% of those polled wanted more firms to provide virtual tours.[5]
  • According to research by Property Week, virtual tours cut down on wasted viewings by 40%, which means they increase the chance that users would make a purchase when browsing a particular website.[5]
  • The Planet Home’s Trend Study found that before making a purchase, 75% of visitors and prospective buyers use virtual tours as a key decision.[5]
  • 26% of the remaining participants were uninterested, and 7% said that additional virtual tours weren’t essential.[5]
  • With just 10% of these sites publishing at least one 360-degree post, the fashion and beauty industries had the lowest adoption rates.[5]
  • According to a planet house study poll, 75% of buyers agree that a virtual home tour is key in determining whether they would purchase a certain property.[6]
  • Realtor.com discovered that including virtual tours results in a whopping 87% more views than listings that solely employ photographs.[6]
  • Listings for businesses with photographs and virtual tours were twice as likely to spark online interest, resulting in a 41% increase in bookings made.[6]
  • Virtual tours also contribute to a 12% boost in interaction with Google Maps listings and a 16% spike in organic search.[6]
  • More than half of those who took part in the Google study, particularly 67% of respondents, said they valued virtual tours and wanted more companies to provide them on their websites.[6]
  • A house won’t be seen by 54% of U.S. purchasers unless it features virtual photos. Virtual tours were quite helpful in determining 50% of buyers’ choices.[7]
  • It was shown that adding a virtual tour made 18-34-year-olds 130% more likely to respond to a call to action.[7]
  • The research also revealed that 67% of those polled wanted more companies to adopt virtual tours. 7% of respondents said virtual tours weren’t required, while 26% were unconcerned.[7]
  • 63% of travel firm sites outside of real estate provided at least one 360-degree image or virtual tour.[7]
  • Social networking sites are currently used by 33% of all Home Buyers, with 19% doing so sometimes.[8]
  • 80% of online buyers agree that visuals are very important when choosing a product or service from a business.[8]
  • Internet hotel virtual tours boost online reservations by 85%.[8]
  • Zillow predicts that property values will finish the year almost 19.5% higher than they did in 2020.[9]
  • High-quality photography helps real estate agents win more listings, say 72.2% of them, while aerial film and photos help homes sell 68% more quickly than those without them.[9]
  • When a realtor utilizes video to sell a house, 73% of homeowners are more willing to list with them.[9]
  • A real estate agent or broker assisted 87% of purchasers in buying their house, it progressively climbed from 69% in 2001.[9]
  • 97% of purchasers utilized the internet to look for houses, and they expected to see good pictures.[9]
  • Online house searches for new homes reached a record high of 97% of purchasers last year, up from 93% the year before.[9]
  • In order to sell properties, over 61.3% of brokers feel that excellent quality photography is essential, whereas just 31% do.[9]
  • Freddie mac reports that the 30-year fixed mortgage rate decreased marginally, from 5.10% to 5.11%.[9]
  • 88% of realtors, according to IMOTO, agree that using professional images may boost showings and online listing views.[9]
  • A professional real estate photographer is used by 74% of agents for each listing.[9]
  • Virtual tours increased 750% in the month after COVID stay-at-home policy went into force throughout the U.S.[9]
  • According to a study by the National Association of Real Estate Agents, 87% of online house shoppers rated listing website photos as one of the most helpful aspects for finding new homes they would like.[9]
  • A startling 90% of people still use real estate agents to purchase and sell their homes, despite the information being widely available online.[9]
  • Online engagements with virtual tours rise by 60%, while agent calls rise by 20%.[9]
  • Only 15% of residences have high-quality photos, while 50% of the more than 1 million homes have poor pictures.[9]
  • According to Google, most consumers nowadays want virtual tours, with 67% of survey respondents stating that they do so while seeing a listing.[10]
  • Younger respondents under the age of 34 were more likely to have changed their living arrangements, with 16.3% moving in with a partner and 17.5% moving in with immediate relatives.[11]
  • 56% of homeowners let their realtors take photographs inside the house, while 55% of people let their realtors conduct a virtual tour of their houses there.[11]
  • Another 83% of customers had no immediate intentions to relocate, but the pandemic forced them to reconsider, almost matching the 81% of respondents who said they choose to rent rather than purchase in the near future.[11]
  • About 12.0% of customers without children at home endured a relocation, whether it was with a partner, family, or roommate. About 88.0% of consumers reported no change in their living arrangements.[11]
  • 81.0% of those who were renting in early April said they would do so again if they had to relocate.[11]
  • A lower 51% of those in the 35–54 age group moved in with a partner, while 85% did so with close relatives.[11]
  • Just 19.4% of customers without children would make a purchase without seeing the property in person.[11]
  • Little more than 27.0% of parents with kids at home reported a change. 17% lived with their direct or extended families. 82% of people moved in pairs, while 19% shared a space with a roommate.[11]
  • There was a tight split between homeowners and renters, with 56.9% of homeowners who would consider renting a new property preferring to visit it in person compared to 51.1% of respondents who were renters.[11]
  • High dynamic range (HDR) photographs on real estate listings boost sales by 50% and internet views by 118%.[12]
  • Showing a house in the best possible light is essential to piquing prospective buyers’ attention since 97% of home buyers use the internet as part of their home search.[12]
  • High-quality, professional, and not amateur photography helps a listing stand out from the competition and get more views in an era when 97% of home searchers use the internet to locate residences.[12]
  • Redfin found that 63% of more than 1,900 house buyers in 32 major real estate markets submitted an offer on a property they had not personally seen.[13]
  • Listings with virtual tours get 87% more views than those without, and 54% of buyers ignore ads for homes without virtual tours.[13]
  • Today’s industry experts concur that virtual tours assist cut down on wasted viewings by roughly 40% for both agents and house buyers.[13]
  • According to Professor Pant, residences with virtual tours sold around 6% more quickly and for 3% more money than comparable listings without virtual tours.[13]
  • Home Depot claimed a 35% decrease in product returns after using 360 and 3D imaging to improve its online product catalogue.[14]
  • The utilization of VR photography for social media postings in the automobile business was found to be comparable to that of the tourism industry, with 54% of corporate pages producing 360-degree photos, according to research by Social Bakers.[14]

Also Read

How Useful is Real Estate Virtual Tour

At first glance, it is evident that real estate virtual tours hold considerable potential. Gone are the days of simply relying on static images or grainy videos to gauge a property’s spatial layout, as VR technology allows users to navigate virtually through each nook and cranny of a home. This presents a unique opportunity for individuals to explore properties that may be located far away, making the house-hunting process more accessible for those unable to physically visit multiple locations.

Furthermore, the interactive nature of these virtual tours provides potential buyers with an unparalleled sense of control over their exploration. Users can take time to study intricate details, appreciate the architecture, or closely inspect appliances and fixtures. Additionally, individuals can conveniently revisit rooms in search of any minor flaws that may have been easily overlooked during an in-person visit. By empowering individuals to virtually engage with a property, real estate virtual tours grant a level of convenience and flexibility previously unmatched in the industry.

Admittedly, virtual tours are not without their shortcomings. While they may provide an immersive visual experience, they fail to adequately fulfill the tactile aspect of home shopping. A virtual visit cannot replicate the sensation of opening closet doors, testing water pressure, or feeling the texture of countertops. Physical presence within a space offers genuine engagement that simply cannot be reproduced by computer screens and headsets. Thus, real estate virtual tours may be seen as complementary tools to aid the initial screening of properties, rather than a complete substitute for in-person visits.

Additionally, virtual tours may inadvertently give a false impression of spaciousness. While the technology provides a comprehensive understanding of a home’s layout, it still struggles to convey the actual size and perspective of rooms accurately. Without the ability to gauge measurements, individuals may unknowingly misconstrue the proportions of various spaces within a property. It is crucial, therefore, for homebuyers to view virtual tours with an awareness of this limitation, leaving room for adjustments during subsequent in-person visits or consultations with real estate agents.

Undeniably, real estate virtual tours serve as a powerful marketing tool for both sellers and real estate professionals. By allowing viewers to virtually experience a property’s ambiance and its unique features, these tours can grab potential buyers’ attention in a highly competitive market. Moreover, virtual tours can expedite the decision-making process, efficiently narrowing down options and reducing unnecessary viewings. This improved efficiency benefits both prospective buyers and sellers, greatly optimizing time and resources.

In conclusion, real estate virtual tours have indeed proven to be a valuable addition to the home-buying process. Offering convenience, a heightened understanding of properties, and improved decision-making efficiency, virtual tours empower potential buyers to explore numerous homes at their own pace. Nevertheless, it is crucial to recognize their inherent limitations and to view them as one tool among many at individuals’ disposal. As technology continues to evolve, it is important for the real estate industry to embrace these advances thoughtfully, leveraging their strengths while ensuring that they augment, rather than replace, traditional practices.

Reference


  1. amphy – https://blog.amphy.com/16-virtual-tour-statistics-for-2022/
  2. digitalintheround – https://digitalintheround.com/virtual-tour-statistics/
  3. matterport – https://matterport.com/blog/3d-tours-properties-sell-31-faster-and-higher-price
  4. rodedwards – https://rodedwards.com/360-virtual-tour-statistics-facts-figures/
  5. seekbeak – https://seekbeak.com/are-virtual-tours-effective-a-round-up-of-360-photo-industry-research/
  6. smartviewmedia – https://smartviewmedia.com.au/blogs/8-statistics-that-proves-the-impact-of-virtual-tours-on-business/
  7. superscan3d – https://superscan3d.com/360-virtual-tours/how-effective-are-virtual-tours/
  8. virtualitour – https://virtualitour.com.au/about/virtual-tour-fact-sheet/
  9. webinarcare – https://webinarcare.com/best-real-estate-virtual-tour-software/real-estate-virtual-tour-statistics/
  10. lcpmedia – https://www.lcpmedia.com/blog/virtual-tours-statistics
  11. realtor – https://www.realtor.com/research/tag/virtual-tours/
  12. rubyhome – https://www.rubyhome.com/blog/real-estate-photography-stats/
  13. snappr – https://www.snappr.com/enterprise-blog/the-rise-of-virtual-tours-for-real-estate
  14. threekit – https://www.threekit.com/virtual-photography-statistics

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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