2011
DOI: 10.1177/0885412210386540
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Hedonic Price Effects of Pedestrian- and Transit-Oriented Development

Abstract: Recent consumer surveys and demographic analyses have indicated a growing market for pedestrian- and transit-designed development. Theoretically, this market shift should be reflected in the price people are willing to pay for those styles of development. This article traces the literature that uses hedonic price methods for testing this hypothesis, either by assessing pedestrian/transit-design development holistically or by evaluating its component parts. The literature confirms that the market shift is, inde… Show more

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Cited by 196 publications
(132 citation statements)
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References 92 publications
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“…The average walk score for a CCD was 87.9, significantly (p < 0.01) higher than for cities as a whole, which scored 52.6. The desirability of pedestrian-and transit-oriented neighbourhoods is often evident in price premiums, which may be as high as 40-100% relative to more auto-dependent developments (Bartholomew & Ewing, 2011).…”
Section: Additional Place Characteristicsmentioning
confidence: 99%
“…The average walk score for a CCD was 87.9, significantly (p < 0.01) higher than for cities as a whole, which scored 52.6. The desirability of pedestrian-and transit-oriented neighbourhoods is often evident in price premiums, which may be as high as 40-100% relative to more auto-dependent developments (Bartholomew & Ewing, 2011).…”
Section: Additional Place Characteristicsmentioning
confidence: 99%
“…An extensive literature [12] witnesses the way in which land property values rise when a transit system is implemented within the nearby area.…”
Section: Governancementioning
confidence: 99%
“…Kawamura and Mahajan (2005) valued the cumulative impacts of vehicle traffic and Bretherton, Edwards, and Miao (2000) valued traffic calming measures. A large number of hedonic studies have also valued aspects related with severance, such as walkability (reviewed in Bartholomew & Ewing, 2011) and roadside noise (reviewed in Nelson, 2010).…”
Section: Revealed Preferencementioning
confidence: 99%