An Analysis of Residential Auction Sale Prices and Quoted Guide Prices

Simon Stevenson and James Young

ERES from European Real Estate Society (ERES)

Abstract: This paper examines price behaviour at residential auctions. Using a dataset for Greater Dublin we analyse the price movement and the accuracy of quoted guide prices. A comparison is also made with private treaty sales, developing the analysis contained in Stevenson & Young (2004). The results indicate that a substantial premium over guide prices is evident in auction sales. This is marked contrast to the findings reported with respect to private treaty sales.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2005-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2005_324

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