DETERMINAN DEVIASI HARGA LELANG TERHADAP NILAI LIMIT (Studi Lelang Properti Riil Hak Tanggungan di KPKNL Medan Tahun 2011-2012)

The purpose of this research is to analyze determinants of (positive) deviation between auction price and reserve price of mortgage auction in KPKNL Medan. The object in this research is real property such as land with or without building. The variables used are number of bidders in mortgage auction, distance between real property and down town/central business district, width of road in front of the real property, and dummy variable that is types of real property. Data that used in this research are from 40 samples of real property mortgage auction in KPKNL Medan from January 2011 until December 2012. The sample size of the research is 68 auction minutes. This research analysis use Ordinary Least Square (OLS). The research found that mean deviation between auction price and reserve price of mortgage auction in KPKNL Medan is 5,57 percent with standard deviation of 8,73 percent. The research also show that number of bidders, distance between real property and down town/central business district, width of road in front of the real property, and types of property are factors influence significantly to deviation of auction price and reserve price