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Kohonen Map, GIS and the Analysis of Real Estate Sales

By Eero Carlson Finland


Real estate sales prices are analyzed using GIS database containing cadastral and topographic information. Self-organizing map (SOM) introduced by Teuvo Kohonen is used for analysis and visualization. Object oriented data model includes observation (components of property including location and sales date), valuation (comparable sales in the neighborhood) and group (neighboring sales). Components of the observations are coded and scaled properly for reasonable comparison of sales. Geographic location is balanced with other components and the observations are organized as valuations and groups using SOM (Kohonen Map) for eac

Topics: category of real property (woodlots, agricultural, recreational land
Year: 2011
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