{"title":"Sale price classification models for real estate appraisal","authors":"Merve Kuru, Onur Yiğit Erdem, G. Calis","doi":"10.7764/rdlc.20.3.440","DOIUrl":null,"url":null,"abstract":"This study aims to determine the parameters that are effective on sale prices and to obtain the functions that determine the appropriate sale price ranges of real estates. In this context, a total of 138 real estates, which are located in Bayraklı district of Izmir, Turkey and that were for sale between April and June 2019, were investigated. The effects of 17 parameters on the sale price of the real estates were examined through statistical analysis. Thirteen parameters that have been determined to be effective have been used in developing the distinctive functions that decide the sale price ranges of real estates. The results show that parameters such as real estate’s area, age, furniture status, central heating system, playground, pool and gym are statistically significant on the sale price of the real estates. In addition, the functions obtained by using these parameters classified 78.3% of real estate sale prices in the correct range.","PeriodicalId":54473,"journal":{"name":"Revista de la Construccion","volume":null,"pages":null},"PeriodicalIF":1.4000,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Revista de la Construccion","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.7764/rdlc.20.3.440","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
This study aims to determine the parameters that are effective on sale prices and to obtain the functions that determine the appropriate sale price ranges of real estates. In this context, a total of 138 real estates, which are located in Bayraklı district of Izmir, Turkey and that were for sale between April and June 2019, were investigated. The effects of 17 parameters on the sale price of the real estates were examined through statistical analysis. Thirteen parameters that have been determined to be effective have been used in developing the distinctive functions that decide the sale price ranges of real estates. The results show that parameters such as real estate’s area, age, furniture status, central heating system, playground, pool and gym are statistically significant on the sale price of the real estates. In addition, the functions obtained by using these parameters classified 78.3% of real estate sale prices in the correct range.
期刊介绍:
The Journal of Construction is aimed at professionals, constructors, academics, researchers, companies, architects, engineers, and anyone who wishes to expand and update their knowledge about construction. We therefore invite all researchers, academics, and professionals to send their contributions for assessment and possible publication in this journal. The publications are free of publication charges.
OBJECTIVES
The objectives of the Journal of Construction are:
1. To disseminate new knowledge in all areas related to construction (Building, Civil Works, Materials, Business, Education, etc.).
2. To provide professionals in the area with material for discussion to refresh and update their knowledge.
3. To disseminate new applied technologies in construction nationally and internationally.
4. To provide national and foreign academics with an internationally endorsed medium in which to share their knowledge and debate the topics raised.