7  Property Sales

It is worthwhile to study trends in property sales and the variables that affect this as everybody needs somewhere affordable to live.

This lesson examines property sales in North Shore city, using data recorded each December between 1999 and 2007. There are a total of 3788 properties, with about 420 being sold per December. This data was supplied by the Real Estate institute of New Zealand, with analysis conducted by Neil Binnie (Auckland University of Technology).

Data

Data Summary

3788 observations

12 variables

Variable	Type	Information
Year	Continuous
Zone	Categorical
Suburb	Categorical
List Price	Continuous	NZD ($).
Selling Price	Continuous	NZD ($).
Sell date	Continuous/Date	YYYY-MM-DD
List date	Continuous
Days to sell	Continuous
Number of bedrooms	Categorical or Discrete
Type	Categorical	7 levels: APT (Apartment), H & I (Home and Income), R (Residential), RIB (Residential Investment Block), RS (Residential Section), TH (Town House), U (Unit).
Land area m2	Continuous	Metres squared.
GV	Continuous	Government valuation of property NZD ($).

There is 1 file associated with this presentation. It contains the data you will need to complete the lesson tasks.