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The probability of sale and price premiums in withdrawn auctioned properties

Stevenson, S. and Young, J., (2013) The probability of sale and price premiums in withdrawn auctioned properties. Working Papers in Real Estate & Planning. 05/13. Working Paper. University of Reading, Reading. pp26.

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This paper examines the impact of the auction process of residential properties that whilst unsuccessful at auction sold subsequently. The empirical analysis considers both the probability of sale and the premium of the subsequent sale price over the guide price, reserve and opening bid. The findings highlight that the final achieved sale price is influenced by key price variables revealed both prior to and during the auction itself. Factors such as auction participation, the number of individual bidders and the number of bids are significant in a number of the alternative specifications.

Item Type:Report (Working Paper)
Divisions:Henley Business School > Real Estate and Planning
ID Code:32470
Publisher:University of Reading
Publisher Statement:The copyright of each working paper remains with the author. If you wish to quote from or cite any paper please contact the appropriate author; in some cases a more recent version of the paper may have been published elsewhere.


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