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Report: Selling Price and Area Analysis for D.M. Pan National Real Estate Company
[Your Name]
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.
The data is from the Mountain region; the following sample data has been generated from the
region
Data Analysis
ss
Selling Price Analysis for D.M. Pan National Real Estate Company 5
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
$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
y = 103.46x + 172264
R² = 0.1714
The association between the price and mean square foot has a positive slope, meaning that square
y = 103.46x + 172264
Therefore, the price that will be listed is $296,416, this is because of the conclusion from the
regression analysis.
References
Bates, D. M., & Watts, D. G. (1988). Nonlinear regression analysis and its applications (Vol. 2).
Rawlings, J. O., Pantula, S. G., & Dickey, D. A. (2001). Applied regression analysis: a research