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Diversified Price Dynamics in some Sub-Segments of the Housing Market

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  • Kokot Sebastian G.

    (University of Szczecin Faculty of Economics and Management Mickiewicza 64, 71-101 Szczecin, Poland)

Abstract

The observation of price movements on the real estate market is an extremely difficult task as we have to face problems belonging to two spheres. The first of them is the specific nature of real estate as marketable objects and of the real estate market itself. The second one is the character and quality of data on real estate transaction prices. In this article the author, based on an empirical study, attempts to prove that even in a single segment of a local real estate market the prices in individual sub-segments can fluctuate with different intensity. The range of price movements can be so vast that it seems pointless to apply a single averaged price index for the whole segment, and usually that is what analysts do.

Suggested Citation

  • Kokot Sebastian G., 2015. "Diversified Price Dynamics in some Sub-Segments of the Housing Market," Folia Oeconomica Stetinensia, Sciendo, vol. 15(1), pages 162-173, June.
    • Handle: RePEc:vrs:foeste:v:15:y:2015:i:1:p:162-173:n:8
    DOI: 10.1515/foli-2015-0026
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    References listed on IDEAS

    as
    1. Marc Francke, 2010. "Repeat Sales Index for Thin Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 41(1), pages 24-52, July.
    2. Clapp, John M & Giaccotto, Carmelo, 1992. "Estimating Price Trends for Residential Property: A Comparison of Repeat Sales and Assessed Value Methods," The Journal of Real Estate Finance and Economics, Springer, vol. 5(4), pages 357-374, December.
    3. Tom Nicholas & Anna Scherbina, 2013. "Real Estate Prices During the Roaring Twenties and the Great Depression," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 41(2), pages 278-309, June.
    Full references (including those not matched with items on IDEAS)

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