Table 5 Multiple regression results for...

Table 5

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

Variable	B	SE B	β	t	p	Tol	VIF
SP (mc)	−0.29	0.06	−0.44	−4.63	<0.0005	0.438	2.28
DOP	10.87	187.60	0.01	0.06	0.954	0.587	1.70
Q2	37.60	42.65	0.07	0.88	0.379	0.632	1.58
Q3	34.79	48.71	0.06	0.71	0.476	0.666	1.50
Q4	−37.96	45.02	−0.07	−0.84	0.400	0.629	1.59
Price change	−69.34	53.79	−0.10	−1.29	0.199	0.685	1.46
Property size to bedroom ratio	−1.63	1.80	−0.07	−0.91	0.366	0.749	1.34
Age	−9.28	4.45	−0.19	−2.09	0.038	0.475	2.10
Location: Chlorakas	−12.75	50.86	−0.02	−0.25	0.802	0.719	1.39
Location: Coral Bay	369.50	173.24	−0.18	2.13	0.034	0.553	1.81
Location: Emba	−178.37	239.53	−0.05	−0.75	0.457	0.860	1.16
Location: Geroskipou	−42.74	135.33	−0.02	−0.32	0.753	0.906	1.10
Location: Kato Paphos	32.28	47.61	0.05	0.68	0.499	0.646	1.55
Location: Kissonerga	−120.99	99.68	−0.08	−1.21	0.226	0.848	1.18
Location: Mesa Chorio	332.14	108.08	0.21	3.07	0.002	0.86	1.146
Location: Mouttalos	−268.64	228.01	−0.08	−1.18	0.240	0.949	1.05
Location: Paphos Town Center	16.75	78.06	0.02	0.22	0.830	0.712	1.40
Location: Sea Caves	106.60	126.86	0.06	0.84	0.402	0.777	1.29
Location: Tala	106.58	78.10	0.09	1.37	0.174	0.845	1.18
Location: Tombs of the Kings	167.92	56.99	0.22	2.95	0.004	0.687	1.46
Location: Tremithousa	−99.15	192.62	−0.04	−052	0.607	0.668	1.50
Demand	−15.75	554	−0.22	−2.84	0.005	0.644	1.55
Swimming pool = yes	−2.07	61.38	0.00	−0.03	0.973	0.614	1.63
Title deed = yes	18.91	48.79	0.03	0.39	0.699	0.605	1.65
Showing Mode = Key at BuySell	25.93	37.62	0.05	0.69	0.492	0.797	1.26
Constant	322.03	255.10	––	––	––	––	––
Model summary	F = 2.80, sig < 0.0005 N = 208 R² = 0.278 Adjusted R² = 0.179

Variable	B	SE B	β	t	p	Tol	VIF
SP (mc)	−0.29	0.06	−0.44	−4.63	<0.0005	0.438	2.28
DOP	10.87	187.60	0.01	0.06	0.954	0.587	1.70
Q2	37.60	42.65	0.07	0.88	0.379	0.632	1.58
Q3	34.79	48.71	0.06	0.71	0.476	0.666	1.50
Q4	−37.96	45.02	−0.07	−0.84	0.400	0.629	1.59
Price change	−69.34	53.79	−0.10	−1.29	0.199	0.685	1.46
Property size to bedroom ratio	−1.63	1.80	−0.07	−0.91	0.366	0.749	1.34
Age	−9.28	4.45	−0.19	−2.09	0.038	0.475	2.10
Location: Chlorakas	−12.75	50.86	−0.02	−0.25	0.802	0.719	1.39
Location: Coral Bay	369.50	173.24	−0.18	2.13	0.034	0.553	1.81
Location: Emba	−178.37	239.53	−0.05	−0.75	0.457	0.860	1.16
Location: Geroskipou	−42.74	135.33	−0.02	−0.32	0.753	0.906	1.10
Location: Kato Paphos	32.28	47.61	0.05	0.68	0.499	0.646	1.55
Location: Kissonerga	−120.99	99.68	−0.08	−1.21	0.226	0.848	1.18
Location: Mesa Chorio	332.14	108.08	0.21	3.07	0.002	0.86	1.146
Location: Mouttalos	−268.64	228.01	−0.08	−1.18	0.240	0.949	1.05
Location: Paphos Town Center	16.75	78.06	0.02	0.22	0.830	0.712	1.40
Location: Sea Caves	106.60	126.86	0.06	0.84	0.402	0.777	1.29
Location: Tala	106.58	78.10	0.09	1.37	0.174	0.845	1.18
Location: Tombs of the Kings	167.92	56.99	0.22	2.95	0.004	0.687	1.46
Location: Tremithousa	−99.15	192.62	−0.04	−052	0.607	0.668	1.50
Demand	−15.75	554	−0.22	−2.84	0.005	0.644	1.55
Swimming pool = yes	−2.07	61.38	0.00	−0.03	0.973	0.614	1.63
Title deed = yes	18.91	48.79	0.03	0.39	0.699	0.605	1.65
Showing Mode = Key at BuySell	25.93	37.62	0.05	0.69	0.492	0.797	1.26
Constant	322.03	255.10	––	––	––	––	––
Model summary	F = 2.80, sig < 0.0005N = 208R² = 0.278Adjusted R² = 0.179

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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