Table 4 Multiple regression results for...

Table 4

Multiple regression results for time on market (TOM), refined model for houses

Variable	B	SE B	β	t	p	Tol	VIF
SP (mc)	0.03	0.05	0.07	0.68	0.500	0.323	3.10
DOP	657.42	176.43	0.29	3.73	<0.0005	0.499	2.00
Q2	−48.34	38.63	−0.09	−1.25	0.212	0.545	1.84
Q3	−93.05	40.72	−0.17	−2.29	0.023	0.578	1.73
Q4	−49.76	43.32	−0.09	−1.15	0.252	0.547	1.83
Price change	−50.51	46.37	−0.08	−1.09	0.277	0.629	1.59
Property size to bedroom ratio	0.09	1.54	0.00	0.06	0.956	0.811	1.23
Plot size to property size ratio	−2.26	15.65	−0.13	−0.14	0.885	0.405	2.47
Age	−11.53	3.78	−0.23	−3.05	0.003	0.538	1.86
Location: Agios Georgios Pegeias	−6.06	79.15	−0.01	−0.08	0.939	0.867	1.15
Location: Anavargos	21.20	90.37	001	0.24	0.815	0.849	1.18
Location: Chlorakas	−102.52	62.96	−0.11	−1.63	0.105	0.749	1.34
Location: Coral Bay	−13.49	58.41	−0.02	−0.23	0.818	0.590	1.70
Location: Emba	93.04	83.08	0.07	1.12	0.264	0.882	1.13
Location: Geroskipou	−54.825	158.82	−0.02	−0.35	0.730	0.944	1.06
Location: Kato Paphos	−15.92	66.51	−0.01	−0.24	0.811	0.864	1.16
Location: Kissonerga	−249.41	161.28	0.09	−1.55	0.123	0.916	1.09
Location: Konia	60.42	88.02	0.04	0.69	0.493	0.895	1.12
Location: Mesa Chorio	−668.57	258.46	−0.17	−2.59	0.010	0.710	1.41
Location: Mesogi	−60.16	87.55	−004	−0.69	0.493	0.905	1.11
Location: Mouttalos	419.09	223.51	0.11	1.88	0.062	0.950	1.05
Location: Paphos Town Center	−22.95	227.36	−0.01	−0.10	0.920	0.918	1.09
Location: Sea Caves	−23.12	106.44	−0.01	−0.22	0.828	0.850	1.18
Location: Tala	51.28	51.93	0.06	0.99	0.324	0.773	1.29
Location: Tombs of the Kings	92.77	98.07	0.06	0.95	0.345	0.838	1.19
Location: Tremithousa	−167.42	95.37	−0.10	−1.76	0.080	0.886	1.13
Demand	−5.84	5.12	−0.08	−1.14	0.255	0.639	1.57
Swimming pool = yes	−9.14	51.31	−0.01	−0.18	0.859	0.716	1.40
Title deed = yes	−4.91	41.60	−0.01	−0.12	0.906	0.661	1.51
Showing Mode = Key at BuySell	−7.81	28.36	−0.02	−0.28	0.783	0.882	1.13
Constant	−323.62	236.29	---	---	---	---	---
Model summary	F = 2.84, sig < 0.0005 N = 269 R² = 0.263 Adjusted R² = 0.171

Variable	B	SE B	β	t	p	Tol	VIF
SP (mc)	0.03	0.05	0.07	0.68	0.500	0.323	3.10
DOP	657.42	176.43	0.29	3.73	<0.0005	0.499	2.00
Q2	−48.34	38.63	−0.09	−1.25	0.212	0.545	1.84
Q3	−93.05	40.72	−0.17	−2.29	0.023	0.578	1.73
Q4	−49.76	43.32	−0.09	−1.15	0.252	0.547	1.83
Price change	−50.51	46.37	−0.08	−1.09	0.277	0.629	1.59
Property size to bedroom ratio	0.09	1.54	0.00	0.06	0.956	0.811	1.23
Plot size to property size ratio	−2.26	15.65	−0.13	−0.14	0.885	0.405	2.47
Age	−11.53	3.78	−0.23	−3.05	0.003	0.538	1.86
Location: Agios Georgios Pegeias	−6.06	79.15	−0.01	−0.08	0.939	0.867	1.15
Location: Anavargos	21.20	90.37	001	0.24	0.815	0.849	1.18
Location: Chlorakas	−102.52	62.96	−0.11	−1.63	0.105	0.749	1.34
Location: Coral Bay	−13.49	58.41	−0.02	−0.23	0.818	0.590	1.70
Location: Emba	93.04	83.08	0.07	1.12	0.264	0.882	1.13
Location: Geroskipou	−54.825	158.82	−0.02	−0.35	0.730	0.944	1.06
Location: Kato Paphos	−15.92	66.51	−0.01	−0.24	0.811	0.864	1.16
Location: Kissonerga	−249.41	161.28	0.09	−1.55	0.123	0.916	1.09
Location: Konia	60.42	88.02	0.04	0.69	0.493	0.895	1.12
Location: Mesa Chorio	−668.57	258.46	−0.17	−2.59	0.010	0.710	1.41
Location: Mesogi	−60.16	87.55	−004	−0.69	0.493	0.905	1.11
Location: Mouttalos	419.09	223.51	0.11	1.88	0.062	0.950	1.05
Location: Paphos Town Center	−22.95	227.36	−0.01	−0.10	0.920	0.918	1.09
Location: Sea Caves	−23.12	106.44	−0.01	−0.22	0.828	0.850	1.18
Location: Tala	51.28	51.93	0.06	0.99	0.324	0.773	1.29
Location: Tombs of the Kings	92.77	98.07	0.06	0.95	0.345	0.838	1.19
Location: Tremithousa	−167.42	95.37	−0.10	−1.76	0.080	0.886	1.13
Demand	−5.84	5.12	−0.08	−1.14	0.255	0.639	1.57
Swimming pool = yes	−9.14	51.31	−0.01	−0.18	0.859	0.716	1.40
Title deed = yes	−4.91	41.60	−0.01	−0.12	0.906	0.661	1.51
Showing Mode = Key at BuySell	−7.81	28.36	−0.02	−0.28	0.783	0.882	1.13
Constant	−323.62	236.29	---	---	---	---	---
Model summary	F = 2.84, sig < 0.0005N = 269R² = 0.263Adjusted R² = 0.171

Note(s): (mc) = Mean Centered; Tol. = Tolerance; VIF = Variance Inflation Factor

Reference category for Quarter = Q1

Reference category for Price Change = 0

Reference category for Swimming pool = No swimming pool

Reference category for Title deed = No title deed

Reference category for Showing mode = other showing mode

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