Vacant Land Sale Summary Statistics
| Variable | Full Sample | Sales Sample | ||
|---|---|---|---|---|
| Mean (Std. Dev.) | Median | Mean (Std. Dev.) | Median | |
| Sale (yes = 1, no = 0) | 0.046 (0.210) | — | — | — |
| Sales price (dollars) | 1,744 (63,947) | 0.00 | 37,723 (295,077) | 811 |
| Residential (yes = 1, no = 0) | 0.427 (0.495) | — | 0.688 (0.466) | — |
| Commercial (yes = 1, no = 0) | 0.071 (0.257) | — | 0.140 (0.347) | — |
| Size of lot (square feet) | 256,707 (22,100,000) | 3,485 | 54,305 (3,046,622) | 3,790 |
| Buildable (yes = 1, no = 0) | 0.156 (0.363) | — | 0.219 (0.413) | — |
| Distance to Packard plant (feet) | 24,413 (15,210) | 21,377 | 24,413 (15,211) | 21,377 |
| Distance to city center (miles) | 2.200 (1.323) | 2.103 | 1.842 (1.265) | 1.639 |
| Distance to border (miles) | 5.561 (2.576) | 5.254 | 6.209 (2.707) | 5.944 |
| Sold in 2007 (yes = 1, no = 0) | 0.011 (0.102) | — | — | — |
| Sold in 2008 (yes = 1, no = 0) | 0.011 (0.103) | — | — | — |
| Sold in 2009 (yes = 1, no = 0) | 0.007 (0.082) | — | — | — |
| Sold in 2010 (yes = 1, no = 0) | 0.001 (0.029) | — | — | — |
| Number of observations | 81,326 | 3,788 | ||