Determinants in housing offer prices in Hermosillo: A hedonic model in Altares subdivision
DOI:
https://doi.org/10.83179/3mkyct27Keywords:
sale price estimation, hedonic pricing model, urban valuationAbstract
This article develops a hedonic pricing model to estimate the listing value of homes in the Altares subdivision, south of Hermosillo, Sonora. The study area was delimited and key attributes such as built area, land area, number of bedrooms, bathrooms, and material quality were identified. Using data obtained from real estate platforms and analyzed with IBM SPSS Statistics 19, a statistical model aimed at price estimation was constructed; however, no specific performance metrics are reported to support claims regarding its efficiency or margin of error. The tool is potentially useful for appraisers, as it allows for agile estimates; nevertheless, it should be noted as a limitation that the study uses listing prices, which may differ from actual transaction prices. The study is based on theoretical frameworks of real estate valuation in Mexico, considering factors such as location, infrastructure, and property value appreciation. The methodology represents a practical alternative to traditional methods and can support decision-making in the housing market, provided its scope and limitations are recognized.
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