
Median home price is a type of financial indicator. This indicator measures home values.
Measurements focus on the middle value of a sorted list of home prices in a specific area, such as Bangkok for foreigners. Median home price differs from average home price.
Average home price calculates the sum of all home prices divided by the number of homes. Differences lie in resistance to price outliers.
Median home price exhibits less sensitivity to extreme values compared to average home price.
Three features popular in median home price calculations include condominiums, luxury villas, and single-family homes. Condominiums serve as a primary residence for many foreigners.
Luxury villas offer exclusive amenities for high-end buyers. Single-family homes provide traditional living spaces.
Common features in median home price assessments encompass location, size, and age of properties. Location impacts price due to desirability.
Size influences price through living space. Age affects price regarding modernity and repair needs.
Unusual features impacting median home price involve architectural style, historical significance, and owner association fees. Architectural style adds value based on uniqueness.
Historical significance raises prices due to cultural importance. Owner association fees influence prices through services provided.
Unique features specific to median home price calculations include proximity to mass transit, views, and leasehold versus freehold status. Proximity to mass transit increases accessibility.
Views enhance aesthetic and desirability. Leasehold versus freehold status affects ownership rights and value.
Median home price’s sensitivity to extreme values distinguishes it from average home price’s susceptibility. This difference ensures a more accurate representation of the market, especially in diverse markets like Bangkok.
For detailed understanding of terms used in this analysis, refer to the glossary about Bangkok real estate.