Selling Price and Area Analysis for D.M.

Pan National Real Estate Company 1

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Report: Selling Price and Area Analysis for D.M. Pan National Real Estate Company

[Your Name]

Southern New Hampshire University

Selling Price Analysis for D.M. Pan National Real Estate Company 2

Introduction

The data gives a median listing price per square foot, in various counties in the United States.

Square foot pricing can be important and it does not mean what buyers always look for, for

example, in many areas in the country, there may be 1500 square foot listed for $150000 and in

another area there is a $2000 square foot listed for $185,000. This means that the price per feet

for the larger home is $92.50. The buyers would be thinking what’s the better buy? The average

per-square-foot cost is found by adding the foot costs for each home sold for a given area and the

number of costs sold. Per foot costs are important and are used in a great deal when a house is

newly constructed. The square foot costs of rebuilding the home, is always slightly higher than

when compared to the average because the materials are always the same from one building to

the next.

Representative Data Sample

The data is from the Mountain region; the following sample data has been generated from the

region

Region median listing median $'s per

State County price square foot median square feet
Mountain az cochise $200,261 $113 1792
Mountain az coconino $471,580 $227 2217
Mountain az gila $360,235 $192 1944
Mountain az maricopa $394,964 $185 2249
Mountain az mohave $304,891 $171 1765
Mountain az navajo $300,469 $163 1926
Mountain az pima $291,769 $150 2027
Mountain az pinal $253,131 $132 2013
Mountain az yavapai $457,534 $204 2216
Mountain az yuma $228,601 $132 1684
Mountain co adams $418,735 $168 2576
Mountain co arapahoe $450,405 $188 2527
Mountain co boulder $620,894 $267 2687
Mountain co broomfield $598,153 $179 3517
Mountain co denver $534,393 $330 1680
Selling Price Analysis for D.M. Pan National Real Estate Company 3

Mountain co douglas $595,512 $174 3945

Mountain co eagle $699,443 $368 1765
Mountain co el paso $421,507 $151 3050
Mountain co garfield $611,190 $260 2445
Mountain co jefferson $542,946 $213 2728
Mountain co la plata $540,468 $261 2092
Mountain co larimer $446,208 $181 2661
Mountain co mesa $348,958 $177 1966
Mountain co pueblo $260,652 $116 2078
Mountain co weld $417,120 $149 2953
Mountain id ada $399,254 $184 2285
Mountain id bannock $255,125 $105 2506
Mountain id bonneville $283,417 $103 2814
Mountain id canyon $287,786 $151 2024
Mountain id kootenai $452,679 $204 2234
Mean $414,943 $187 $2,346
Median $417,928 $178 $2,226
std $131,831 $61 $528

Data Analysis

Median Per Square feet Data

Mean Median Standard Q1 Q3 Range Minimum Maximum

Deviation
2345.577 2225.521 536.6081 1960.74 2667.33 2265.292 1679.667 3944.958

Median Listing Price

Mean Median Quartile 1 Q3 Standard Skewness Range Minimum Maximum

Deviation
414942.7 417927.5 290772.9 535911.9 134084.8 0.30152 499182.2 200260.6 699442.9
Selling Price Analysis for D.M. Pan National Real Estate Company 4

ss
Selling Price Analysis for D.M. Pan National Real Estate Company 5

Median Square Feet

14

12

10
Frequency

0
1680-2079 2080-2479 2480-2879 2880-3279 3280-3679 3680-4079 4080-4479
Median Square Feet

The sample is reflective of the national variables, the mean and the standard deviations are still

within the mean. Like the national distribution, distribution of the data is lightly skewed. The

data was random as the Region was randomly selected and the region also has random data.

Scatterplot

Price against Squarefoot

$800,000

$700,000

$600,000
f(x) = 103.46207860445 x + 172264.450315323
$500,000 R² = 0.171442255104654
Price

$400,000

$300,000

$200,000

$100,000

$0
1500 2000 2500 3000 3500 4000 4500
Square Feet
Selling Price Analysis for D.M. Pan National Real Estate Company 6

The Pattern

The graph shows the scatter plot of price against mean square feet. Hence the variables that will

be used in making the chart is as follows;

y = 103.46x + 172264

R² = 0.1714

The association between the price and mean square foot has a positive slope, meaning that square

feet has a positive correlation with slope.

From the Equation, the price would be as follows;

y = 103.46x + 172264

y = 103.46(1,200) + 172264 = 296416

Therefore, the price that will be listed is $296,416, this is because of the conclusion from the

regression analysis.

References

Allen, M. P. (2004). Understanding regression analysis. Springer Science & Business Media.

Bates, D. M., & Watts, D. G. (1988). Nonlinear regression analysis and its applications (Vol. 2).

New York: Wiley.

Rawlings, J. O., Pantula, S. G., & Dickey, D. A. (2001). Applied regression analysis: a research

tool. Springer Science & Business Media.

Selling Price Analysis for D.M. Pan National Real Estate Company 7