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Thailand's most accurate and intelligent residential home valuations
The technology behind our industry-leading accuracy
FazWaz automated valuation models (AVMs) are built by a team of data scientists and backed by advanced machine learning and a robust range of data sources. The FazWaz property platform has the most up-to-date inventory and data-sets in Thailand. Our company is pioneering the digital valuation of real estate in Thailand and FazWaz conducts monthly internal tests and regular tests with financial institutions and lenders, to make sure our products consistently meet the high standards our clients expect.
How close can we get to the sales price?
Median absolute percentage error (MdAPE) is a standard measure of a valuation model’s average deviation from observed property transaction values — the lower that number is, the better. Our MdAPE is always improving as we fine-tune our valuation models.
Curious about how accurate our AVM estimates the sales price in your region? Check the table below to see how we measure up in the areas and for the property types that matter to you.
FazWaz AVM Accuracy
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 43% | K317 Lakhs | 21 |
| Chiang Mai | 25% | K104 Lakhs | 113 |
| Phuket | 5% | K103 Lakhs | 197 |
| Hua Hin | 54% | K131 Lakhs | 114 |
| Koh Samui | 45% | K227 Lakhs | 67 |
| Pattaya | 30% | K103 Lakhs | 93 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 5% | K86 Lakhs | 19 |
| Chiang Mai | 1% | K19 Lakhs | 18 |
| Phuket | 2% | K31 Lakhs | 12 |
| Hua Hin | 167% | K81 Lakhs | 3 |
| Koh Samui | 9% | K61 Lakhs | 5 |
| Pattaya | 63% | K122 Lakhs | 5 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 3% | K24 Lakhs | 2102 |
| Chiang Mai | 2% | K29 Lakhs | 169 |
| Phuket | 1% | K8 Lakhs | 875 |
| Hua Hin | 13% | K31 Lakhs | 72 |
| Koh Samui | 4% | K30 Lakhs | 39 |
| Pattaya | 3% | K9 Lakhs | 1209 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Phuket | 9% | K134 Lakhs | 5 |
| Pattaya | 3% | K4 Lakhs | 10 |
Last updated: October 2023
Instant home-value estimates
Our industry-leading dataset comes alive in the instant valuation tool that estimates the market value of a property in seconds. It estimates the market value based on publicly available and FazWaz generated transaction data, taking into account property details, location and current market conditions.
Start your free estimate nowPrice suggestion when listing a home on FazWaz
To give homeowners the most accurate valuation, we ask them a set of questions when they list their home on FazWaz – It takes less than 5 minutes and is more than twice as likely to be within 5% of the home's selling price as other online home-value estimators.
Advanced and more accurate home evaluation