XML FeedsThe Relative Impacts of Trails and Greenbelts on Home Price
By CostBenefit on Nov 1, 2009 | In Real Estate Construction Housing, Academic Study/Journal Article, Preservation & Open Space, Texas, Hedonic Analysis, Environmental Economics / Ecological Economics, Costs and Benefits | Send feedback »
Link: http://www.springerlink.com/content/p85218551558166w
Abstract: This study examines the impacts of trails and greenbelts and other amenities on home value. Using [a] hedonic framework the study provides analyses of a database consisting of roughly 10,000 sales of homes occurring from April 2001 to March 2002 in and around San Antonio, Bexar County, Texas. Among other things, the study shows that trails, greenbelts, and trails with greenbelts (or greenways) are associated with roughly 2, 4, and 5%, price premiums, respectively. The following amenities: proximity to golf course, neighborhood playground, tennis court, neighborhood pool, view, and cul-de-sac, all add significantly to home value.
by Paul K. Asabere and Forrest E. Huffman both of Fox School of Business and Management, Temple University, Philadelphia, PA 19122, USA; pasabere@temple.edu and fhuffman@temple.edu
The Journal of Real Estate Finance and Economics via Springer Netherlands www.SpringerLink.com
Volume 38, Number 4; May, 2009; pages 408-419
DOI: 10.1007/s11146-007-9089-8
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