Research Of The Secondhand Residence Price Evaluation Method

Taking the market and price of secondhand real estate business in Xi'an as the research object,the essay analyzes the actuality of the secondhand real estate market in Xi'an firstly,and finds out a more appropriate method to suit for the characteristic of secondhand business from kinds of traditional price evaluation methods.Because the now using traditional price evaluation method is narrow applied and much more limited, that is not suitable for pricing a secondhand real estate which affected by so many elements and is insufficient for actuality.The essay introduces logarithm Hedonic model to solve such kind of problems efficiently.The Logarithmic Hedonic model in the essay based on Hedonic theory and through the practical data of Xi'an's second hand real estate trade,best fits second hand real estate price in Xi'an market.In the checking process,sample data was united firstly,and was multi-regressing and checked through linear,logarithmic and semi-logarithmic models,choosing the better fitting model,then estimating the parameters on certain by OLS,over the data collecting and checking on regressing modulus,the best model was finally found,that is the Logarithmic Hedonic model.Using this model to make price on second hand real estate can largely improve the probability of transaction and yield, and further improve the positive development of second hand real estate market. Meanwhile,this essay offers real estate management departments,agencies,and consumers a scientific calculating method to make the market much more rational.