This paper examines price behaviour at residential auctions. Using a dataset for Greater Dublin we analyse the price movement and the accuracy of quoted guide prices. A comparison is also made with private treaty sales, developing the analysis contained in Stevenson & Young (2004). The results indicate that a substantial premium over guide prices is evident in auction sales. This is marked contrast to the findings reported with respect to private treaty sales.
Stevenson, Simon, and James Young. "An Analysis of Residential Auction Sale Prices and Quoted Guide Prices." In Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society. ERES: Conference. Dublin, Ireland, 2005.
Section: Session H5