IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v33n32011p317-348.html
   My bibliography  Save this article

Evaluating Subdivision Characteristics on Single Family Housing Value Using Hierarchical Linear Modelling

Author

Listed:
  • Woo-Jin Shin

    (Korea Real Estate Research Institute)

  • Jesse Saginor

    (Texas A&M University)

  • Shannon Van Zandt

    (Texas A&M University)

Abstract

This research quantifies the financial effects of value creation concepts in relation to housing values in a single-family residential development using hierarchical linear modeling (HLM). As a result, value creation concepts such as sense of arrival, greenway connectivity, and the median length of cul-de-sac have positive effects on single family housing values while the number of accessible entrances and the median length of block variables have negative effects on single family housing values. These results indicate that higher values in a subdivision may result from smaller blocks, interconnected greenways, and a single entrance which provides a sense of arrival.

Suggested Citation

  • Woo-Jin Shin & Jesse Saginor & Shannon Van Zandt, 2011. "Evaluating Subdivision Characteristics on Single Family Housing Value Using Hierarchical Linear Modelling," Journal of Real Estate Research, American Real Estate Society, vol. 33(3), pages 317-348.
    • Handle: RePEc:jre:issued:v:33:n:3:2011:p:317-348
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol33n03/02.317_348.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kelley Cours Anderson & Julia Freybote & Kerry T. Manis, 2024. "The Impact of Virtual Marketing Strategies on the Price-TOM Relation," The Journal of Real Estate Finance and Economics, Springer, vol. 68(2), pages 218-234, February.
    2. Zhang, Yixiang & Fu, Bowen, 2023. "Social trust contributes to the reduction of urban carbon dioxide emissions," Energy, Elsevier, vol. 279(C).

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:33:n:3:2011:p:317-348. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: JRER Graduate Assistant/Webmaster (email available below). General contact details of provider: http://www.aresnet.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.