Parcl

Parcl lets you track and trade the ebbs and flows of real estate markets anywhere in the world. By combining more than 100 million data points each day, Parcl generates city indexes that track real-world property values. The indexes are based on the median price per square foot or meter, and prices are updated every 24 hours for a current view of the market.

The system offers a decentralized marketplace where city indexes are the collective value of real estate in a city. You can trade the index price, which means you'll have exposure to the collective real estate market of an entire city. That means you don't have to buy and sell individual properties, a process that can be complex and time-consuming. It's also more accessible.

Parcl employs modern data science techniques to construct its indexes from the oceans of real estate data, so each index is a reflection of real-time, city-specific real estate values down to the median price per square foot. That means users can see exactly what's going on in the market.

There are no minimum trades, and fees are low. You can start trading with $1, so ordinary people can invest in real estate. And you can go long or short on city indexes, so you can bet the market will go up or down.

Parcl hopes to offer an authentic and authoritative view of the constantly changing pulse of the world's urban areas. It's still a work in progress, but the idea could democratize real estate investing by offering a liquid and relatively inexpensive way to tap into real estate markets anywhere.

Published on July 29, 2024