An Analysis of Residential Auction Sale Prices and Quoted Guide Prices
||Stevenson, Simon and James Young
||An Analysis of Residential Auction Sale Prices and Quoted Guide Prices
||Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
||This paper examines price behaviour at residential auctions. Using a dataset for Greater Dublin we analyse the price movement and the accuracy of quoted guide prices. A comparison is also made with private treaty sales, developing the analysis contained in Stevenson & Young (2004). The results indicate that a substantial premium over guide prices is evident in auction sales. This is marked contrast to the findings reported with respect to private treaty sales.
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