Overvecht

In a short article in Geografie, we performed a hedonic pricing analysis of houses in Overvecht and Voordorp, two neighbourhoods in Utrecht. This page accompanies the article and gives both a non-econometric summary and the full table of results.

Table 1: Summary of results

variabele huizenprijs prijs per m²
oppervlakte (m²) ++
perceelopp. (m²) ++ +
jaren ’70* 0 +
jaren ’80* + +
jaren ’90* ++ ++
Voordorp ++ ++
3 kamers# 0
4 kamers# 0
5+ kamers#
gelijkvloers 0
lift 0 0
appartement 0
energielabel A/B + +
“onderhoud nodig” 0 0
“eenvoudig” 0 0
“luxueus” + +
afstanden tot…
centrum: 5 min. + ++
centrum: 10 min. 0 0
centrum: 15 min. 0 0
centrum: werkelijk 0 0
trein: 5 min. 0 0
trein: 10-15 min. 0 0
trein: werkelijk 0
winkels: 5 min. 0 0
winkels: 10-15 min. 0 0
winkels: werkelijk 0 0
*: t.o.v. een huis van vóór 1970
#: t.o.v. 1 of 2 kamers

Table 2: full results (beta coefficients)

(1) (2)
price mprice
opp 0.482*** (12.46) -0.360*** (-6.40)
plot 0.397*** (10.61) 0.404*** (7.40)
196.decade 0.000 (.) 0.000 (.)
197.decade 0.022 (0.96) 0.068* (2.00)
198.decade 0.070* (2.12) 0.126** (2.62)
1990.decade 0.280*** (7.90) 0.508*** (9.83)
1.rrooms 0.000 (.) 0.000 (.)
3.rrooms -0.076 (-1.74) -0.153* (-2.39)
4.rrooms -0.106* (-2.29) -0.190** (-2.80)
5.rrooms -0.198*** (-3.52) -0.283*** (-3.45)
floor -0.035 (-1.37) -0.088* (-2.41)
elev -0.014 (-0.60) -0.009 (-0.27)
app -0.068 (-1.51) -0.239*** (-3.63)
enAB 0.079*** (3.42) 0.073* (2.16)
maint -0.014 (-0.62) -0.014 (-0.45)
simple -0.022 (-0.97) -0.055 (-1.67)
lux 0.059** (2.65) 0.100** (3.11)
cent5 0.054** (2.62) 0.081** (2.67)
cent10 0.022 (0.95) 0.019 (0.58)
cent15 -0.021 (-0.98) -0.038 (-1.21)
centreal -0.009 (-0.20) -0.035 (-0.55)
train5 -0.016 (-0.55) -0.031 (-0.71)
trainfar -0.028 (-1.19) -0.037 (-1.05)
trainreal -0.109* (-2.29) -0.135 (-1.93)
shop5 0.037 (1.24) 0.037 (0.85)
shopfar 0.042 (1.57) 0.042 (1.06)
shopreal 0.011 (0.35) 0.013 (0.31)
voordorp 0.131** (3.16) 0.178** (2.94)
N 305 305
adj. R2 0.887 0.761

Table 3: Descriptives

    Variable |       Obs        Mean    Std. Dev.       Min        Max
-------------+--------------------------------------------------------
       price |       305    180840.5    65817.54      94000     574500
         opp |       305    91.24918    21.90553         48        191
        plot |       305    36.40984    68.34302          0        437
      rrooms |       305    3.629508    1.059317          1          5
       floor |       305    .8393443    1.074721          0          6
-------------+--------------------------------------------------------
        elev |       305    .9180328    .2747656          0          1
         app |       305    .6983607    .4597238          0          1
         det |       305           0           0          0          0
        sdet |       305    .0163934    .1271917          0          1
        terr |       305     .252459    .4351371          0          1
-------------+--------------------------------------------------------
      corner |       305    .0590164    .2360427          0          1
      energy |         0
       maint |       305    .0688525    .2536192          0          1
      simple |       305    .1836066    .3877993          0          1
         lux |       305    .2229508    .4169096          0          1
-------------+--------------------------------------------------------
    voordorp |       305    .2360656    .4253608          0          1
    Variable |       Obs        Mean    Std. Dev.       Min        Max
-------------+--------------------------------------------------------
       cent5 |       305    .0393443    .1947322          0          1
      cent10 |       305    .3245902     .468991          0          1
      cent15 |       305    .1147541    .3192487          0          1
    centreal |       305    3257.377    883.8945       1700       5800
      train5 |       305    .2885246    .4538209          0          1
-------------+--------------------------------------------------------
     train10 |       305    .1114754    .3152372          0          1
     train15 |       305    .0065574    .0808443          0          1
   trainreal |       305    2054.754    997.4566        100       4700
       shop5 |       305    .5704918    .4958195          0          1
      shop10 |       305    .0852459    .2797062          0          1
-------------+--------------------------------------------------------
      shop15 |       305    .0557377    .2297915          0          1
    shopreal |       305    635.8033    334.1349        100       1500

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