Table 1

Property Characteristics of Transaction Pairs

VariableMeanStd. Dev.Min.Max.
Transaction year (first transaction)1996.95.819882013
Transaction year (second transaction)2003.56.119892014
Home age (first transaction, years)46.229.41138
Home age (second transaction, years)52.829.32143
Price (first transaction, 2014 dollars)193,092108,22920,6221,986,377
Price (second transaction, 2014 dollars)254,099124,35320,3241,878,857
Distance to central business district (feet)35,87418,5905,387109,487