Therefore, measuring market reaction requires the use of methods other than paired sales
to address how buyers in the market may react regarding demand and the price they are willing to pay.
Ideally, impact studies rely on paired sales
to demonstrate diminution in value.
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.
* Paired sales
analysis, including sale/resale analysis;
The draft explains that in the absence of sufficient data to perform a paired sales
HPIs that use this "paired sales
" method have limitations in terms of the size of the geographic areas they can report on.
Also covered are ways to use property listings, improved property sales and paired sales
analysis to estimate land value and the selection of appropriate units of comparison.
Previous reviews have divided the literature into three categories: statistical price models, survey-based research, and other appraisal methods, such as paired sales
and resale analyses.
"Methods appraisers should employ include paired sales
analysis, environmental case studies, multiple regression analysis and income capitalization analysis using environmental risk premiums," he explains.