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Semelhante a Statistical Analysis Real Estate Market
Semelhante a Statistical Analysis Real Estate Market (20)
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Statistical Analysis Real Estate Market
- 1. Real Estate 150K to 250K Homes Team D Yolanda Velez Bobbi Morris Gregg Ferragino Jorge Ochoa Prof- Jefrey Grogan Res/341
- 3. Price Range
- 10. 1,700 to 2,900 sq. ft.
- 11. 1,200 sq. ft. in range
- 12. Variance
- 13. 88,275
- 16. Research hypothesis Prices of the house and what effected them. Desired living such as schools and square footage made a house price go up. Economy also was a factor if the house price went up or down in an area.
- 18. Sample - In the range of 150K to 250K
- 19. Location - Tampa, Pasco , Riverview, Brandon , Valrico
- 21. Data collection
- 22. Data collection
- 23. Data analysis using descriptive statistics
- 25. Unemployment
- 26. Sampling
- 27. 20 houses
- 28. Township 4
- 31. Unemployment
- 32. Sampling
- 33. 20 houses
- 34. Township 4
- 37. Means
- 38. Minimum
- 39. Maximum
Notas do Editor
- Let’s explore the real estate marketPrice range -The importance of understanding the real estate market , and the fair market value is the price a seller will accept and a purchaser will pay for property under ordinary circumstances (IRS, n.d). When special life situations arise, such as a seller needing to relocate quickly, the home may be sold higher or lower than the fair market value to hasten the selling process-Why is there an inconsistent price range?High unemployment – is it causing decrease in value of a home
- Township 4 - Had the most house sold in Township 4Table 2a displays the homes sold in township 4, the median price range was $188,000 and the mode was $179,000. A fair market price for a 2000 to 2300 square feet long home in township 4 is $180,000.Township 5 - Table 1A displays the homes sold in township 5, the median price range was $207,000 and the mode was $188,000. The ranges provide Team D a start point to receiving a fair market price for a home in township 5.
- Township 3 – At the lower end of the market township 3 had a median price range of $203,000 and the mode is $172,000. A fair asking price within township 3 is around $190,000 for a home that is 2200 square feet.Township 2 - Table 4A displays the homes sold in township 2, the median price range was $207,000 and the mode was $192,000. A fair market price for a home in township 2 is approximately $195,000Township 1 - Table 5A displays the homes sold in township 1, the median price range was $218,000 and the mode was $192,000. A fair market price for a homes in township 2 is about $224,000.
- Table 2a displays the homes sold in township 4, the median price range was $188,000 and the mode was $179,000. A fair market price for a 2000 to 2300 square feet long home in township 4 is $180,000.
- Influx prices due to unemployment - national average of unemployment is 6.9%; -Tampa area has 7.0% of unemployment (Simply Hired, 2010) - no fund – led to foreclosure Sampling – 20 homes within the range of $150k to $250k - The Histogram Chart visually displayed that most of the homes were sold for around $190k.Confidence Intervals - calculated the means and standard deviation to arrive at a fair market price range. Intervals lowerThe estimated lower confidence limit or value in township four was $171k. Higher The approximate higher confidence limit or value in township four was $218k.
- Influx prices due to unemployment - national average of unemployment is 6.9%; -Tampa area has 7.0% of unemployment (Simply Hired, 2010) - no fund – led to foreclosure Sampling – 20 homes within the range of $150k to $250k - The Histogram Chart visually displayed that most of the homes were sold for around $190k.Confidence Intervals - calculated the means and standard deviation to arrive at a fair market price range. Intervals lowerThe estimated lower confidence limit or value in township four was $171k. Higher The approximate higher confidence limit or value in township four was $218k.
- Visual display that showed chart skew to the left bring price down and offering a means price range of $194k with a square footage of 2,215 in township four.The minimum price was estimated at $164k with a 1700 square foot home.The maximum price for a home in township four within our sample was around $243 with a 2900 square foot. Hypothesis of range $150 to $250