Ideally, impact studies rely on paired sales
to demonstrate diminution in value.
If the housing market is inefficient, price changes over the time intervals between the paired sales
cannot be described as random walk," Cheng said.
The same underwriters who now insist on paired sales
to accept an energy-efficiency or green adjustment did not question a garage adjustment based on cost alone before sales of houses with three-car garages could be found in the market.
It is expected that the impact of the mortgage crisis on paired sales
with a prior foreclosure will show up only with a delay, as it takes time for homes purchased in a foreclosure sale to be sold or turned over again by investors or homeowners.
Well known to property appraisers are the Paired Sales
Analysis used by Jackson (2001), Contingent Valuation Analysis (CVA) used by Carson, (2000); Clinch and Murphy, (2001), Option Pricing Model by Lentz and Tse (1995) and the Hedonic Model developed by Rosen (1974).
The total number of paired sales
from 1991 to 2006 in the area to be annexed in 2002 was 5,404.
Thirdly, the paired sales
analysis was applied to a dynamic west-side suburb of Cleveland where new construction impacts the relocation market significantly.
The Clear Capital Home Data Index (HDI) provides weighted paired sales
, and price-per-square-foot index models that use multiple sale types, including single-family homes, multi-family homes and condominiums.
The draft explains that in the absence of sufficient data to perform a paired sales
In Falmouth, property values near existing wind turbines decreased by an average of 27 percent according to a paired sales
Sales from these "before" and "after" periods can be analyzed through variations of the three approaches to value (for example, multiple regression, paired sales
or case study analysis) to determine an event's effect on value.
The paired sales
in Table 1 present five indications of value.