Do Auction Dominate Used Houses?Evidence from Gushan District in Kaohsiung City

[[abstract]]本論文以高雄市鼓山區大樓為研究對象，以OLS迴歸分析探討法拍屋與中古屋成交價格之差異性。法拍屋的價格一般都低於市價，然而影響法拍價格因素很多；如拍賣底價、是否點交、坪數、屋齡及所在區域等因素。本文研究結果發現：(1)法拍屋的屋齡與房價呈顯著負相關，中古屋屋齡雖然與房價負相關，但卻不顯著。(2)在價格與坪數及樓層方面，法拍屋與中古屋都呈顯一致的正相關。(3)把鼓山區分為3個區域，實證後發現不管是法拍屋或中古屋區域2的價格會高於區域3，且中古屋的成交價會高於法拍拍定價。[[abstract]]The purpose of this study is to investigate the difference of the strike price, obtained from foreclosures and used houses markets in Kaohsiung city building, by employing OLS model. We find that, the relationship between strike price and the year of construction is negative significantly in the foreclosures group, but it is weakly supportive of negative relationship in used houses one. Further, either storeys or dimensions relates to the strike price positively in both foreclosures and used houses. Consequently, the strike price of region 2 is superior to region 3 whether in the foreclosures or used houses markets, and the used houses one is better than foreclosures one