Real Estate150K to

250K Homes

Team DYolanda VelezBobbi MorrisGregg FerraginoJorge Ochoa

Prof- Jefrey Grogan Res/341

Introduction

• Real Estate Market• Price Range• Inconsistency in Price• Unemployment

Purpose of the research

•

•Consider all variables

•Review and analyze

-Data

-Current economy’s affect

•Assess the fair market price

•Assist home buyer/seller in

transaction

•Range

-$164.1k - $243.7k

• $79.6k in price range

•Variance

-$473.09

•Standard Deviation

-21.5

Dispersion Statistics Price

• Range– 1,700 to 2,900 sq. ft.

• 1,200 sq. ft. in range

• Variance– 88,275

• Standard Deviation– 297.11

Dispersion StatisticsSquare Footage

Research Questions

• What causes house prices to go up or down?

• What effects does the market have on the prices?

Research hypothesis

• Prices of the house and what effected them.

• Desired living such as schools and square footage made a house price go up.

• Economy also was a factor if the house price went up or down in an area.

Sampling design

• Population- All houses in inventory or sold

• Sample - In the range of 150K to 250K

• Location - Tampa, Pasco , Riverview, Brandon , Valrico

• Appropriate size sample -drastic affect on the data

Sampling DesignTampa, Florida homes in township 2 priced at $150,000

Home below has 2bd, 2.5 bath, and is 1500 sqft

Home below has 3bd, 1& 1 ½ bath, and is 2065 sqft.Price is the same but size is different

Data collection

0

50

100

150

200

250

1700 190019001900 200020002000 210021002100 2200 230023002300 24002400 2500260027002900

Square Foot of Home

209187 188

209

172183

205

174 182 188199

164176

207

179 179 186

240 244227

Price

per

Tho

usan

ds

Houses Sold - Township 4Price Range $150,000 to $250,000

Price

Data collection

0

50

100

150

200

250

19002000 2000 210021002100 220022002200 23002300 24002400

Square Foot of Home

192154 166 173 188

207 209 209 213 216244

192

247

Pric

e pe

r Th

ousa

nds

Houses Sold - Township 2Price Range $150,000 to $250,000

Price

Data analysis using descriptive statisticsDescriptive statistics

Price Size count 20 20 mean 194.94 2,215.00 minimum 164.1 1700 maximum 243.7 2900 range 79.6 1200

suggested interval width10 200

Conclusions and Recommendations

• Influx Prices• Unemployment

• Sampling• 20 houses• Township 4

• Confidence Intervals• Fair market price

Conclusions and Recommendations

• Influx Prices• Unemployment

• Sampling• 20 houses• Township 4

• Confidence Intervals• Fair market price

Conclusions and Recommendations

• Visual Display• Means• Minimum• Maximum

• Hypothesis

ReferencesAnonymous[j1]. (2010). Field Guide to Quick Real Estate Statistics. Realtor.org. Electronically retrieved 6 September 2010.

Anonymous. (No Date). Home Buying and Selling: Determining Real Estate Fair Market Value.Moneyinstructor.com. Electronically retrieved 6 September 2010.

Anonymous. (No Date). Tips for First Time Home Buyers. Realestateabc.com. Electronically retrieved 13 September 2010.

IRS. (No Date). Publication 561 - Main Contents. Irs.gov. Electronically retrieved 6 September 2010.

Prophet, R. (2009). Your Home's Fair Market Value. Prophetnews.com.

Electronically retrieved 6 September 2010.Simply Hired. (2010). Tampa Jobs. Retrieved from http://www.simplyhired.com/a/local-jobs/city/l-Tampa%2C+FL