SavannahWithAnH / BostonPropertyAnalysis_Project

Analyzing properties in Boston to determine whether buying a house in the Boston market is a financially 'smart' choice based on previous trends and forward looking predictions

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BostonPropertyAnalysis_Project

Title: Real Estate - What’s real in these states?

Project Contributers:

  • Andrew Skorupa
  • Mohamed Abou elkhier
  • Savannah Porter
  • Alex Kopp

Project Description:

This project looks to determine the factors which impact home-buyers making economically correct decisions when buying a home in Boston.

Question to answer:

A: What are the most popular places to buy a home? Where will you be able to resell and upsell?
B: How to maximize the value of your home with its size.
C: What are the most impactful characteristics of home prices? Ranked.

Motivation for each question:

A: Determine location's impact on home value.
B: Determie size's impact on value.
C: Best charecteristics for determining home value.

Dataset used:

  • Boston CSV from Kaggle
  • Zillow Boston Housing Data
  • Boston Property Assesment CSV

Slides:

[https://tome.app/creo-d3f/boston-housing-data-analysis-clcjijhb90o7o1e3der0razko]

Task Set:

  • Upload .csv files: EOD 04/28
    • Boston CSV from Kaggle: Alex
    • Zillow Boston Housing Data: Alex
    • Boston Property Assesment CSV: Savannah
  • Download and Clean Data: EOD 05/01
    • Boston CSV from Kaggle: Andrew
    • Zillow Boston Housing Data: Mo
    • Boston Property Assesment CSV: Savannah
  • Analyze Data: EOD 05/03
    • A: What are the most popular places to buy a home? Where will you be able to resell and upsell? Mo
    • B: How to maximize the value of your home with its size. Savannah
    • C: What are the most impactful characteristics of home prices? Ranked. Alex
  • Review and refine final visualizations: EOD 05/04
    • Question Visualization 1: Andrew
    • Question Visualization 2: Andrew
    • Question Visualization 3: Andrew
    • Written Data Analysis: Andrew

Written Analysis

Following the basic economic principal of supply and demand, we concluded that the most popular homes were three bedroom homes located outside the downtown city limits. In addition to the number of bedroom, newer homes built in the last 40 years attracted a significant number of buyers, which ultimately affects the resale value, and providing the seller with a good return of investment. The median home values have risen steadily over the last five years, totaling a 44% increase between 2018 and 2023.

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Analyzing properties in Boston to determine whether buying a house in the Boston market is a financially 'smart' choice based on previous trends and forward looking predictions


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