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Valuation Of Ranchette Amenities: A Hedonic Approach


  • Sengupta, Sanchita
  • Osgood, Daniel E.


Throughout the Western United States, production ranches are being subdivided into recreation -oriented "ranchettes". This paper presents a hedonic model for ranchettes, introducing the use of remote sensing vegetative indices and neighborhood characteristics. It is found that increased greenness, access to roads, cities, and proximity to open space increase sale prices.

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  • Sengupta, Sanchita & Osgood, Daniel E., 2002. "Valuation Of Ranchette Amenities: A Hedonic Approach," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36547, Western Agricultural Economics Association.
  • Handle: RePEc:ags:waealb:36547

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    References listed on IDEAS

    1. Benson, Earl D & Hansen, Julia L. & Schwartz Jr., Arthur & Smersh, Greg T., 1998. "Pricing Residential Amenities: The Value of a View," The Journal of Real Estate Finance and Economics, Springer, vol. 16(1), pages 55-73, January.
    2. Yue Jin Shi & Timothy T. Phipps & Dale Colyer, 1997. "Agricultural Land Values under Urbanizing Influences," Land Economics, University of Wisconsin Press, vol. 73(1), pages 90-100.
    3. Acharya, Gayatri & Bennett, Lynne Lewis, 2001. "Valuing Open Space and Land-Use Patterns in Urban Watersheds," The Journal of Real Estate Finance and Economics, Springer, vol. 22(2-3), pages 221-237, March-May.
    4. Philippe Le Goffe, 2000. "Hedonic Pricing of Agriculture and Forestry Externalities," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 15(4), pages 397-401, April.
    5. John Faux & Gregory M. Perry, 1999. "Estimating Irrigation Water Value Using Hedonic Price Analysis: A Case Study in Malheur County, Oregon," Land Economics, University of Wisconsin Press, vol. 75(3), pages 440-452.
    6. 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.
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