Selling Price Analysis for D.M. Pan National Real Estate Company 1
Report: Selling Price and Area Analysis forD.M. Pan National Real Estate Company
Name
University
MAT-240 Applied Statistics
Professor Name
Date
Selling Price Analysis for D.M. Pan National Real Estate Company 2
Introduction
The traditional approach to assessing the value of real estate is to use a comparable
method. This method uses the recent sales data of similar properties to determine the value of
another. In some cases, the data is adjusted based on the differences between the properties. This
type of valuation technique can be biased because of the selection of the variables used for the
assessment. Furthermore, the valuation can be skewed by trying to find the information that
substantiates a pre-existing view or disregard new sales information that may contradict an
opinion of a property. A regression analysis is a logical method that is used to generate an
unbiased method to value real estate. This report analyzes a sample from the South Atlantic region
of the United States to establish a numeric relationship between the square footage of homes and
their average listing price.
Representative Data Sample
First, I reviewed the real estate data spreadsheet provided to me for this analysis. The list
shows the listing price and size of homes within 1000 counties and from different regions.
Second, I generated a simple random sample of 30 counties from the South Atlantic region. The
list below shows the counties that were selected.
Selling Price Analysis for D.M. Pan National Real Estate Company 3
Region State County Median Listing
Price [$]
Median
Size [ft ]
2
