Table 1.

Variable definition and descriptive statistics

VariableDefinitionObsMeanStd. dev.
PriceContract price (SEK)15,0435,077,251.52,432,466.5
LALiving area (sq. m)15,043128.61637.372
PAPlot area (sq. m)15,043561.841286.754
NRNumber of rooms15,0435.5741.291
BYBuilding year14,9001,955.37622.807
DSDistance to subway station (km)15,0431.2090.637
DCBDDistance to CBD (km)15,0439.5643.063
DMF09Distance to multifamily constructions in 2009 (km)15,0436.0923.87
DMF10Distance to multifamily constructions in 2010 (km)15,0432.351.426
DMF11Distance to multifamily constructions in 2011 (km)15,0432.1631.439
DMF12Distance to multifamily constructions in 2012 (km)15,0431.4560.834
DMF13Distance to multifamily constructions in 2013 (km)15,0431.6360.979
DMF14Distance to multifamily constructions in 2014 (km)15,0431.6060.861
DSF09Distance to single-family constructions in 2009 (km)15,0431.8161.225
DSF10Distance to single-family constructions in 2010 (km)15,0431.9932.059
DSF11Distance to single-family constructions in 2011 (km)15,0431.7281.963
DSF12Distance to single-family constructions in 2012 (km)15,0431.4381.046
DSF13Distance to single-family constructions in 2013 (km)15,0431.6851.169
DSF14Distance to single-family constructions in 2014 (km)15,0431.5511.406

Notes: The table presents data on single-family house transactions. The dependent variable is the transaction price (Price), and the value that influences the independent variables is the living area (LA), the number of rooms (NR), the plot area (PA) and the year of construction (BY). LA and PS are measured in square metres, NR in numbers and BY in years. The variables are also the distance to the subway station (DS) and the central business district (CBD), both measured in kilometres (km). The distance to the nearest distance to a completed construction is measured in 3 km per year and the type of building, that is, apartment building project (DMF09-14) and single-house project (DSF09-14). The descriptive statistics in the table are mean and standard deviation. The data have been cleaned of observations that are potential outliers. We excluded all observations that fall below 1% or exceed 99% in price, living space, plot area and the number of rooms. Regarding the variables’ distance from the metro station and CBD, we have excluded observations further away than the 99th percentile

Source: Data from the city of Stockholm and Svensk Mäklarstatistik. Calculation and table: Author’s work

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