Matterport’s Property Intelligence Simplifies House Hunting with Breakthrough Home Trends Analysis and Insights

Interactive demonstration shows how homebuyers could use Matterport’s AI-powered insights to instantly compare unique property features at-a-glance when homeshopping

SUNNYVALE, CA December TBD, 2023 Matterport, Inc. (Nasdaq: MTTR) unveiled an interactive property reporting demonstration featuring innovative AI-enhanced insights. This showcase highlights how Matterport’s Property Intelligence technology offers groundbreaking property data and insights on a large scale, aiding homebuyers in assessing and comparing the value and possibilities of their existing or prospective homes.

Matterport Property Intelligence is a fully automated, property reporting engine, leveraging the company’s industry-leading 3D spatial data library to unlock powerful decision-making tools in Property Marketing, Facilities Management, and Design and Construction Management. With nearly 35 billion square feet digitized to date representing more than 11 million physical spaces, Matterport’s digital twins not only capture the size and dimensions of a space, but also record crucial property features including appliances, furnishings, and fixtures such as lighting, heating, plumbing and more. The new technology works across all types of properties, from homes to offices, hotels, factories, and retail.

With access to all of this data, imagine the possibilities of comparing the unique attributes of a residence within your local neighborhood, city, or state. With Matterport, customers will soon be able to compare garage sizes, assess a new living room lighting plan, compute and compare available kitchen cabinet space, and more.

In a housing market that often puts significant stress on buyers and sellers alike, visualizing and comparing unique property characteristics can simplify and empower buyers to find the perfect home for the best value while helping the sellers’ home standout. Consider the kitchen area, the second most common renovation project in the United States, according to the National Association of Home Builders (NAHB).

Matterport recently showcased how homebuyers can utilize Property Intelligence to identify their perfect kitchen, drawing insights from square footage, ceiling height data and more. This analysis covered three metropolitan markets with distinct housing profiles: New York, Dallas, and Seattle.

New York, New York: Given that many New Yorkers live in apartments with space constraints, efficient use of space is often a key consideration. Using Matterport’s Property Intelligence data, it can be determined that the average kitchen in New York City ranges from 85 sq. ft. to 291 sq. ft., with the average ceiling height in the kitchen ranging from 7’ 10” to 9' 1". See which boroughs have the most kitchen space in the interactive map of New York.
Dallas, Texas: In stark contrast to New York, Dallas homes often have more space, with the kitchen seen as a central gathering spot. Here, buyers often desire large, open-concept kitchens that flow into the living area. They may look for large islands with seating, double ovens for big family meals, and plenty of counter space. According to Matterport’s Property Intelligence data, kitchens in the Dallas metro area range from 157 sq. ft. to 522 sq. ft, with average kitchen ceiling height ranging from 8' 0" to 10' 4”. Explore the interactive map of Dallas kitchens to see how they compare to metros like New York and Seattle.
Seattle, Washington: Known for its thriving food scene and abundance of fresh seafood, Seattle home buyers often look for gourmet features in their kitchens. These might include high-end appliances, plenty of storage and pantry space, and a large, functional island for meal prep. According to Matterport’s Property Intelligence data, kitchens in the Seattle area range from 135 sq. ft. to 387 sq. ft., with the average kitchen ceiling height ranging from 7’ 8” to 8' 10". Dive into Seattle’s kitchen area and ceiling height data to see which neighborhoods are most likely to include gourmet kitchen features.

Matterport's digital twins extend far beyond a simple virtual tour, and this example is just a glimpse of the kinds of insights that home buyers, sellers, and agents can anticipate as part of the homebuyer experience.

Over the last decade, Matterport has transformed buildings into data in more than 170 countries, revolutionizing how people interact with the built world. Now, Matterport Property Intelligence has begun to take center stage, unlocking enormous new value for each and every digital twin– simplifying one of life’s most significant purchasing decisions, home buying, while boosting operating efficiency for building of every kind.

To learn more about our Property Intelligence kitchen comparison showcase, head over to the Matterport Blog.

If you are interested in getting access to this exciting new technology today, Matterport's AI-driven real estate insights are now in beta. Experience them firsthand by signing up here.

About Matterport

Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins.

Media Contact: Charlie Stager Director, Communications [email protected]

Investor Contact: Mike Knapp VP, Investor Relations [email protected]

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