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Denver Home Sales Daniel Cisneros II Source: https://www.redfin.com/city/5155/CO/Denver.

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Presentation on theme: "Denver Home Sales Daniel Cisneros II Source: https://www.redfin.com/city/5155/CO/Denver."— Presentation transcript:

1 Denver Home Sales Daniel Cisneros II Source: https://www.redfin.com/city/5155/CO/Denver

2 AddressPriceBedsBathsSq. Ft. 5995 E Iliff Ave #217 (#4713397) 6490011553 8330 Zuni St #216 (#2345545) 7500021800 3643 S Sheridan Blvd #18 (#1854756)8200021808 8164 Washington St #60 (#8319692) 8250021792 7645 E Quincy Ave #206 (#5958406)8300011763 2880 S Locust St Unit S206(#2405867) 8490011752 8168 Washington St #46 (#3648459)8500011640 8060 E Girard Ave #407 (#8137695)8790011735 1044 Coronado Pkwy Unit 5C (#9111188)90700211024 789 Clarkson St #603 (#6961430) 9900001373 1125 S Oneida St Unit F (#5192460)9990011719 381 S Ames St #203 (#2852679) 11000022945 3550 S Harlan St #139 (#5405907) 114900221013 610 S Alton Way Unit 2A (#2806324)11990021945 855 Pennsylvania St #307 (#5043833)12500011490 2880 S Locust St Unit N502 (#9899011)125000221175 745 S Alton Way Unit 7C(#2638419) 129000221200 2113 Coronado Pkwy Unit A (#3747122)12990031960 9300 E Center Ave Unit 7A (#2990081)13000011855 2880 S Locust St Unit N707 (#3763278)130000221175 4022 Ames St(#2016943) 130000211392 300 S Clinton St Unit 11B (#7100104)13490021945 8301 E 19th Ave(#2735936) 13500021747 8500 E Jefferson Ave Unit 15E(#9688265) 13500022760 9385 E Center Ave Unit 10A (#4153856)135000221200 7340 E Princeton Ave (#6732023) 135000221590 3600 S Pierce St #301 (#5783295) 13550012905 755 S Alton Way Unit 1D(#5143485) 13900021870 650 S Clinton St Unit 7C(#9228897) 139000221200 3121 S Tamarac Dr Unit K102(#5742884) 13990022914 Address Next Open House PriceBedsBathsSq. Ft. 7847 Downing St(#7719 646) -$229,950321,574 Denver, CO 2880 S Locust St Unit S206(#24 05867) -$84,90011752 Denver, CO 540 S Forest St Unit 8- 205(#242 7371) -$169,000221,145 Denver, CO 451 Tennyson St(#7168 992) -$217,500421,431 Denver, CO 3600 S Pierce St #301 (#5 783295) -$135,50012905 Lakewoo d, CO 650 S Clinton St Unit 7C(#9228 897) -$139,000221,200 Denver, CO Clean Data

3 SUMMARY OUTPUT Regression Statistics Multiple R0.75823 R Square0.574913 Adjusted R Square0.569509 Standard Error176840.1 Observati ons240 ANOVA dfSSMSF Significan ce F Regressio n39.98E+123.33E+12106.39354091.35E-43 Residual2367.38E+123.13E+10 Total2391.74E+13 Coefficie nts Standard Errort StatP-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept25905.7229613.910.8747820.382581843-32435.784247.1-32435.784247.1 Beds-25889.314494.2-1.786190.075352843-54443.92665.2-54443.92665.2 Baths50291.6117218.022.920870.00382894416370.9584212.2716370.9584212.27 Sq. Ft.156.176720.116867.7634722.5012E-13116.5451195.8082116.5451195.8082

4 SUMMARY OUTPUT Regression Statistics Multiple R0.746472 R Square0.557221 Adjusted R Square0.55536 Standard Error179722.7 Observatio ns240 ANOVA dfSSMSF Significanc e F Regression19.67E+12 299.51415.43E-44 Residual2387.69E+123.23E+10 Total2391.74E+13 Coefficient s Standard Errort StatP-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept19965.4222289.330.8957390.371297-23944.163875-23944.163875 Sq. Ft.180.010210.4013217.306485.43E-44159.5198200.5006159.5198200.5006 From what I can tell in slide 4, I can determine that square foot is the most significant for determining the selling price. This final model shows the relationship of total square foot to selling price.

5 SUMMARY OUTPUT Regression Statistics Multiple R0.746472 R Square0.557221 Adjusted R Square 0.55536 Standard Error745.2803 Observati ons240 ANOVA dfSSMSF Significan ce F Regressio n11.66E+08 299.51415.43E-44 Residual2381.32E+08555442.7 Total2392.99E+08 Coefficien ts Standard Errort StatP-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept748.394378.859349.4902422.53E-18593.0428903.7457593.0428903.7457 Price(y)0.0030950.00017917.306485.43E-440.0027430.0034480.0027430.003448 Here is some data that relates the selling price with the total square feet. The significance testing and residual analysis are here.

6 SSxx295196075.3Total Sq ftRangePrice Ssyy1.72393E+13Small Fam1000200163.2473High $ 349,006.28 Ssxy53101622366Low $ 51,320.21 b1179.8859362Med Fam1400272117.6218High $ 420,832.87 b020277.31107Low $ 123,402.37 y hat19965.423828+180.0102115xLrg Fam2000380049.1835High $ 528,723.08 SSE7.68706E+12Low $ 231,375.29 T-test17.19732441 Sb10.46011181 Se179718.0164 df237 T-score1.651 This model takes into account the square footage in Denver homes regardless of # of bedrooms or bathrooms. The model uses square foot to determine family size where Small family is 1000 sqft, medium family is 1400 sqft and a large family is 2000 sqft. As you can tell by this final analysis that there is a huge range in prices when considering all the houses that sold. By including an indicator variable to distinguish a particular market, such as 2 bedrooms, the range would vary less and target a particular market.


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