Resumo

MONROY CRUZ, Miguel Ángel. Hedonic prices for land sales on real estate websites in the city of Mérida, Mexico. Prob. Des [online]. 2026, vol.57, n.224, pp.89-121.  Epub 22-Jun-2026. ISSN 0301-7036.  https://doi.org/10.22201/iiec.20078951e.2026.224.70391.

This study analyzes the setting of prices of undeveloped land offered for sale online in Mérida, using data from real estate websites from 2021 to 2022 and public sources. A Durbin Spatial Error Model is estimated to capture spatial dependence on prices and environmental characteristics. The results show that surface area and temporal evolution consistently affect land value. Distance from economic centers has a limited effect, while variables in the immediate environment, such as schools and services in neighboring lots, show a positive association. This study demonstrates the need to incorporate spatial factors and contextual data in order to understand the land market.

Palavras-chave : hedonic prices; land supply; web scraping; spatial econometrics; Mérida.

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