You are asked to provide a general estimate in terms of the value that the presence of an ocean view adds to the selling price of a resale home. Analyze the data using whatever approach you choose and recommend what you believe the premium should be for an ocean view. Identify any caveats or limitations you like, but clearly state an estimate. Selling Price without Ocean View Selling Price with Ocean View $ 750,000 $ 1,749,900 $ 799,000 $ 1,249,999 $ 850,000 $ 1,369,000 $ 590,000 $ 2,700,000 $ 1,625,000 $ 959,000 $ 1,999,999 $ 2,545,000 $ 700,000 $ 595,000 $ 1,695,000 $ 809,900 $ 1,475,000 $ 2,690,000 $ 997,000 $ 2,199,000 $ 885,900 $ 1,275,000 $ 1,200,000 $ 699,000 $ 850,000 $ 975,000 $ 1,850,000 $ 1,599,000 $ 766,900 $ 1,260,000 $ 598,000 $ 1,925,000 $ 999,990 $ 2,100,000 $ 1,092,200 $ 1,275,000