Real estate prices in Taitung City influenced by spatial aggregation.
The article explores factors influencing real estate prices in Taitung City from 2013 to 2017 using regression models and spatial analysis. By comparing different models, researchers found that spatial lag and spatial error models better explain price changes than the hedonic price method. They also discovered that real estate prices in the city show positive spatial correlation over the years. The study reveals that areas surrounded by high-priced properties see price increases, while those surrounded by lower-priced properties experience shifts in boundaries. This analysis helps understand how urban development shapes real estate prices in the city.