The sample is small enough that one unusual listing could distort the result. It covers mostly Atlanta retail units asking between $968,000 and $1,452,000, with a typical advertised period of 66 days. Vacancy seems linked to some of the slower stock, but I cannot tell whether it is the cause or simply accompanies poor condition or a weaker street.
Would you start by matching recent completed sales to their original asking prices, or first separate price cuts, withdrawals and relistings? I am also wondering how tightly the neighbourhood boundaries need to be drawn before the comparison is useful.
Would you start by matching recent completed sales to their original asking prices, or first separate price cuts, withdrawals and relistings? I am also wondering how tightly the neighbourhood boundaries need to be drawn before the comparison is useful.