The advertised real estate price to the real estate sales price adjustment factor as basis of real estate market value assessment in recession

摘要

The purpose of the thesis is to analyze the difference between the advertised price and selling price of the detached houses in the municipality(community) of Domzale between 2012 and 2013, as a basis for assessing the market value at the time of recession when there is not enough data on sales prices of real estate. The first part of the thesis presents the results of some previous studies in this field in Slovenia. The central part of the paper analyzes the differences in three different ways. First, it analyzes the differences between the advertised price and selling price on the basis of data obtained from advertisements, and the records of the real estate market. It’s followed by an analysis of the differences for the sameudproperty on the basis of analysis of the initial advertised and the final selling price, based on information from three real estate agencies. Finally the analysis examined the differences based on data from a questionnaire that was completed by twenty real estate companies in the Municipality of Domzale . The results obtained on the basis of the survey were compared with the results of surveys from 2006 and 2011. In the first part we found out that theuddifference between advertised and selling price of the apartments is relatively small (for year 2012 it is 10% and for year 2013 is 12%). Result like that was not expected and is useful just as an estimation of the difference because samples are not fully comparable. In the second part we analized the difference between discussed prices which shows more real circumstances on the market. The difference in discussed case was 17,86%. Result like thatudwas expected because in given circumstances of relatively big offer on the market and relatively small demand, when prices of apartments are falling, sellers are trying to withhold the level of selling prices from the past. In the third part we found out that the difference according to the past inquiry is higher and is between 15 and 20%.