publication . Article . Other literature type . 2009

What Drives Land Prices in Your Market? The Use of Multiple Regression Analysis to Confirm the Significance of Determinative Real Estate Value Elements

Wild, Martin; Wild, Martin;
Open Access
  • Published: 01 Jan 2009
Abstract
Multiple regression analysis (MRA) has proven to be a useful tool to predict selling prices in a mass appraisal context. The significance of determinative value elements – identified by more conventional methods such as sale verification or pairings – can objectively be confirmed or rejected by the practicing appraiser employing MRA. This is demonstrated with the analysis of a small set of sales of rural lots in southeast Alaska. This article aims to: • Demonstrate the strength of MRA to explain rather than to predict selling price or value of real estate in dynamic markets; • Encourage an increased use of regression techniques properly applied by those ...
Subjects
free text keywords: Agribusiness, Land Economics/Use, Public Economics,, Agribusiness, Land Economics/Use, Public Economics

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publication . Article . Other literature type . 2009

What Drives Land Prices in Your Market? The Use of Multiple Regression Analysis to Confirm the Significance of Determinative Real Estate Value Elements

Wild, Martin; Wild, Martin;