Spatial and Temporal Variation in the Housing Market Values of Lot Size and Open Space
This research analyzes spatial and temporal variation in the effects of lot size and proximity to open space on residential home values in a single Tennessee county. The findings show that the value of proximity to greenways, parks, and water bodies increased over time, while the value of lot size and proximity to golf courses fell. Proximity to open space is found to be a substitute for lot size, although the degree of substitutability has weakened over time. Geographic variation in the marginal effects of lot size and proximity to open space is analyzed using locally weighted regression analysis.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Cho, Seong-Hoon & Bowker, James Michael & Park, William M., 2006.
"Measuring the Contribution of Water and Green Space Amenities to Housing Values: An Application and Comparison of Spatially Weighted Hedonic Models,"
Journal of Agricultural and Resource Economics,
Western Agricultural Economics Association, vol. 31(03), December.
- Cho, Seong-Hoon & Bowker, James Michael & Park, William M., 2006. "Measuring the Contribution of Water and Green Space Amenities to Housing Values: An Application and Comparison of Spatially-weighted Hedonic Models," 2006 Annual meeting, July 23-26, Long Beach, CA 21242, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Geoghegan, Jacqueline & Wainger, Lisa A. & Bockstael, Nancy E., 1997. "Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS," Ecological Economics, Elsevier, vol. 23(3), pages 251-264, December.
- Seong-Hoon Cho & Roland K. Roberts, 2007. "Cure for Urban Sprawl: Measuring the Ratio of Marginal Implicit Prices of Density-to-Lot-Size ," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(3), pages 572-579.
- Mary Riddel, 2001. "A Dynamic Approach to Estimating Hedonic Prices for Environmental Goods: An Application to Open Space Purchase," Land Economics, University of Wisconsin Press, vol. 77(4), pages 494-512.
When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:85:y:2009:i:1:p:51-73. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.