Prediction of Home Selling Prices Aurora, COBy: Danyelle CanningData gathered from zillow.com

Homes sold between January 1, 2014 to November 21,

2014

500 1000 1500 2000 2500 3000 3500 4000 4500 $-

$50,000.00

$100,000.00

$150,000.00

$200,000.00

$250,000.00

$300,000.00

$350,000.00

Mission Viejo

Total Square Feet

Sell

ing

Pri

ce

Regression Analysis Regression Statistics

Multiple R 0.614195613 R Square 0.377236252 Adjusted R Square 0.368010122 Standard Error 30595.48725 Observations 138

ANOVA df SS MS F Significance F

Regression 2 76548839918 38274419959 40.88781187 1.30865E-14 Residual 135 1.26371E+11 936083840.3

Total 137 2.0292E+11

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%

Upper 95.0%

Intercept 157009.6944 9895.596276 15.86662289 1.18446E-32 137439.25 176580.139 137439.25 176580.139 Baths 8882.290287 4690.898685 1.893515696 0.060429272 -394.8638159 18159.4444 -394.863816 18159.4444

Total SqFt 25.33234903 4.135169486 6.126072733 9.24374E-09 17.15425628 33.5104418 17.1542563 33.5104418

Model Indicates Total square footage is a direct correlation between

the selling price of homes in the Mission Viejo area of Aurora, Colorado

The number of bathrooms contribute to the selling price of the homes in the Mission Viejo area of Aurora, Colorado

The number of bedrooms has very little impact on the selling price in the Mission Viejo area of Aurora, Colorado

Significance and Residuals R Squared is .614 which indicates that the total square footage

and number of bathrooms are good indicators of how much homes will sale for in the Mission Viejo area of Aurora, Colorado

F-Statistic is 40.88 which because it is large enough to proves the overall significance of the regression model.

T-Statistic is 15.86 which if far enough away from zero to support the usefulness of the data in the regression model.

P-Value is 1.18446E-32 which is extremely small which further supports the significance of the data in the regression model.

Forecast of future selling prices95% Confidence homes with 1200sqft to 3000sqft

205835.4 ≤ 1200 ≤ 205836.2223747.8 ≤ 1800 ≤ 223748.6241660.2 ≤ 2400 ≤ 241661.0259572.6 ≤ 3000 ≤ 259573.4