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Typical lots for detached houses in residential blocks and lot shape analysis

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  • Asami, Yasushi
  • Niwa, Yukari

Abstract

The notion of shape distance between lots is the basis for further development of the economics of dealing with lot shapes in real estate. The distance between two lots is defined as the relative area of the set difference of two lots. Using this notion, a method for identifying typical lots in a residential block based on the shape distance matrix among all the lots in the block is proposed. The method is applied to 20 blocks in the Setagaya ward in Tokyo. Typical lots tend to be rectangular-type lots even in irregularly shaped blocks. This suggests that consumers prefer rectangular shapes when choosing residential lots. Moreover, rectangular blocks tend to contain typical rectangular lots that have a depth about half as long as the shorter edge of the block and two variations of width. This suggests that some lots were previously subdivided in half.

Suggested Citation

  • Asami, Yasushi & Niwa, Yukari, 2008. "Typical lots for detached houses in residential blocks and lot shape analysis," Regional Science and Urban Economics, Elsevier, vol. 38(5), pages 424-437, September.
  • Handle: RePEc:eee:regeco:v:38:y:2008:i:5:p:424-437
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    References listed on IDEAS

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    1. Asami, Y., 1995. "Evaluation of the shape of residential lots in land-readjustment projects," Regional Science and Urban Economics, Elsevier, vol. 25(4), pages 483-503, August.
    2. Fujita,Masahisa, 1991. "Urban Economic Theory," Cambridge Books, Cambridge University Press, number 9780521396455, December.
    3. Asabere, Paul K, 1990. "The Value of a Neighborhood Street with Reference to the Cul-de-Sac," The Journal of Real Estate Finance and Economics, Springer, vol. 3(2), pages 185-193, June.
    4. Yasushi Asami & Tamiki Ohtaki, 2000. "Prediction of the Shape of Detached Houses on Residential Lots," Environment and Planning B, , vol. 27(2), pages 283-295, April.
    5. Asami, Y. & Fujita, M. & Smith, T. E., 1991. "On the foundations of land use theory : Discrete versus continuous populations," Regional Science and Urban Economics, Elsevier, vol. 20(4), pages 473-508, February.
    6. Hildenbrand, Werner, 1981. "Short-Run Production Functions Based on Microdata," Econometrica, Econometric Society, vol. 49(5), pages 1095-1125, September.
    7. Y Asami & K M Maniruzzaman, 1996. "A Statistical Test of the Critical Shape Hypothesis for Residential Lots," Environment and Planning B, , vol. 23(5), pages 575-590, October.
    8. Colwell, Peter F. & Scheu, Tim, 1989. "Optimal lot size and configuration," Journal of Urban Economics, Elsevier, vol. 26(1), pages 90-109, July.
    9. Berliant, Marcus & Raa, Thijs ten, 1988. "A foundation of location theory: Consumer preferences and demand," Journal of Economic Theory, Elsevier, vol. 44(2), pages 336-353, April.
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