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Alternative Housing Development Strategies in Georgia's Coastal Marshlands

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  • Kriesel, Warren
  • Mullen, Jeffrey D.
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    Abstract

    Coastal Georgia continues to experience extremely high population growth rates. People are attracted by coastal amenities, including pleasant views of the saltwater marshes. The real estate market has responded to population growth with a pattern of development that exhibits varying degrees of compatibility with the nearby marshland ecosystem. Among community leaders there is a need for information on development alternatives. Information has been generated from a hedonic price analysis that contains proximity to amenities and development design variables. We conclude that real estate developers have, under certain circumstances, an economic incentive to incorporate more open space in their design of residential subdivisions in marshland environments.

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    Bibliographic Info

    Paper provided by Agricultural and Applied Economics Association in its series 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin with number 49514.

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    Date of creation: 2009
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    Handle: RePEc:ags:aaea09:49514

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    Keywords: Community/Rural/Urban Development;

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    1. Brent L. Mahan & BStephen Polasky & Richard M. Adams, 2000. "Valuing Urban Wetlands: A Property Price Approach," Land Economics, University of Wisconsin Press, vol. 76(1), pages 100-113.
    2. Mark R. Correll & Jane H. Lillydahl & Larry D. Singell, 1978. "The Effects of Greenbelts on Residential Property Values: Some Findings on the Political Economy of Open Space," Land Economics, University of Wisconsin Press, vol. 54(2), pages 207-217.
    3. Doss, Cheryl R. & Taff, Steven J., 1996. "The Influence Of Wetland Type And Wetland Proximity On Residential Property Values," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), July.
    4. Lupi, Frank & Graham-Tomasi, Theodore & Taff, Steven J., 1991. "A Hedonic Approach To Urban Wetland Valuation," Staff Papers 13284, University of Minnesota, Department of Applied Economics.
    5. Paul Thorsnes, 2002. "The Value of a Suburban Forest Preserve: Estimates from Sales of Vacant Residential Building Lots," Land Economics, University of Wisconsin Press, vol. 78(3), pages 426-441.
    6. Elena G. Irwin, 2002. "The Effects of Open Space on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 78(4), pages 465-480.
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