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Below is 16 condo sales for a particular building using Zillow with variables such as size, date sold, and number of baths Based on these

Below is 16 condo sales for a particular building using Zillow with variables such as size, date sold, and number of baths

Based on these observations and variables estimate and interpret (in words) the hedonic pricing regression:

Price = 1 [1] + 2 Area + 3 Baths + 4 Year +

Do the same thing but now take logs of the price as well as area and interpret the output.

#1

Price: 2,650,000

Size: 3,504 sqft ,

Date: 11/30/2022

Number of Baths: 5

#2

Price: 1,600,000

Size: 2301 sqft

Date: 11/04/2022

Number of Baths: 4

#3 Price: 1,680,000

Size: 2,400. sqft

Date: 09/29/2022

Number of Baths: 4

#4 Price: 1,680,000

Size: 2301 sqft

Date: 09/29/2022

Number of Baths: 4

#5

Price: 1,650,000

Size: 2301 sqft

Date: 09/26/2022

Number of Baths: 4

#6

Price: 1,600,000

Size: 2301 sqft Date: 08/26/2022

Number of Baths: 4

#7

Price:2,630,000 Size: 3504 sqft Date: 08/12/2022

Number of Baths: 5

#8

Price: 1,540,000

Size: 2301 sqft

Date: 07/29/2022

Number of Baths: 4

#9

Price: 1,570,000

Size: 2301 sqft

Date: 07/22/2022

Number of Baths: 4

#10

Price: 2,750,000

Size: 3504 sqft

Date: 07/15/2022

Number of Baths: 5

#11

Price: 2,630,000

Size: 3504 sqft

Date: 07/01/2022

Number of Baths: 5

#12

Price: 1,600,000

Size: 2301 sqft

Date: 06/02/2022

Number of Baths: 4

#13

Price: 2,500,000

Size: 3504 sqft

Date: 05/17/2022

Number of Baths: 4.5

#14

Price: 1,160,000

Size: 2301 sqft

Date: 05/10/2022

Number of Baths: 3.5

#15

Price: 1,650,000

Size: 2301 sqft

Date: 05/02/22

Number of Baths: 4

#16 Price: 2,350,000

Size: 3504 sqft

Date: 04/27/2022

Number of Baths: 5

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