FACTORS THAT DRIVE HOME PRICES
BACKGROUND
DOES THE NUMBER OF STORIES IMPACT HOUSE PRICES?
Exclude half-build levels and split levels
Compare 1 story and 2 story
AVERAGE PRICE COMPARISON
STATICAL IMPORTANCE
p < 0.05 at 6.5 x 10^-3
With 95% Confidence: Difference of averages between $24,597.13 and $45,722.38
HOW DOES GARAGE TYPE CHANGE PRICE
Exclude residences with no garages
Compare attached and detached garages
AVERAGE PRICE COMPARISON
STATISTICAL IMPORTANCE
P < 0.05 at 7.008 x 10^-75
With 95% Confidence: Difference of average price between $61,578.12 and $75,170.51
THE AGE OF RESIDENCE DRIVES PRICE
Group 1: 11-20
Group 2: 21-30
Group 3: 31-40
Group 4: 41-50
Group 5: 61-70
Group 6: 71-80
Group 7: 81-90
Group 8: 91-100
Group 9: 100+
PRICE OVER THE YEARS
PRICE OVER THE YEARS
Newer houses sold higher
Price remains steady throughout the older years
CONCLUSION