Integrating lidar, GIS and hedonic price modeling to measure amenity values in urban beach residential property markets

Hamilton, Stuart E.; Morgan, Ash

doi:10.1016/j.compenvurbsys.2009.10.007

Cited by 86 publications

(48 citation statements)

References 23 publications

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“…Besides, because the hedonic theory does not identify the function form (Kanemoto, 1985), the form must be specified instead from data. Unfortunately, commonly used hedo- Table 1 Hedonic estimates of views assessed using the viewshed analysis in recent literature (since 2007) (Bin et al, 2008;Cavailhès et al, 2009;Hamilton & Morgan, 2010;Hindsley et al 2013;Liu & Jakus, 2015;Sander & Polasky, 2009;Poudyal & Hodges, 2010;Yu et al, 2007). nic models such as linear, semi-log, and double-log models might be too simple.…”

Section: Methods For the Hedonic Analysismentioning

confidence: 99%

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Value of urban views in a bay city: Hedonic analysis with the spatial multilevel additive regression (SMAR) model

Yamagata

Murakami

Yoshida

et al. 2016

Landscape and Urban Planning

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Section: Methods For the Hedonic Analysismentioning

confidence: 99%

“…Bin, Crawford, Kruse, and Landry (2008), Hamilton and Morgan (2010), and Hindsley, Hamilton, and Morgan (2013) applied it to evaluate ocean view. However, to the best of the author's knowledge, no hedonic study has used it to quantify open or green views (see Table 1).…”

Section: Viewshed Analysismentioning

confidence: 99%

Value of urban views in a bay city: Hedonic analysis with the spatial multilevel additive regression (SMAR) model

Yamagata

Murakami

Yoshida

et al. 2016

Landscape and Urban Planning

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“…For instance, they are used in estimating the visibility of a landmark [182,183], assessing façade visibility for city marketing [184,185], in determining the optimal location for surveillance cameras [186][187][188], sensor coverage assessment [189], improving road safety [190], assessing sniper hazards [191], and in real estate mass valuation in the urban areas, based on the assumption that the view from an apartment is one of the factors driving its price [192][193][194]. Further applications involve predicting the visibility of GNSS satellites in the built environment and mitigating the multipath effect [195][196][197][198][199][200][201][202][203][204].…”

Section: Visibility Analysismentioning

confidence: 99%

Applications of 3D City Models: State of the Art Review

Biljecki

Stoter

Ledoux

et al. 2015

IJGI

630

380

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In the last decades, 3D city models appear to have been predominantly used for visualisation; however, today they are being increasingly employed in a number of domains and for a large range of tasks beyond visualisation. In this paper, we seek to understand and document the state of the art regarding the utilisation of 3D city models across multiple domains based on a comprehensive literature study including hundreds of research papers, technical reports and online resources. A challenge in a study such as ours is that the ways in which 3D city models are used cannot be readily listed due to fuzziness, terminological ambiguity, unclear added-value of 3D geoinformation in some instances, and absence of technical information. To address this challenge, we delineate a hierarchical terminology (spatial operations, use cases, applications), and develop a theoretical reasoning to segment and categorise the diverse uses of 3D city models. Following this framework, we provide a list of identified use cases of 3D city models (with a description of each), and their applications. Our study demonstrates that 3D city models are employed in at least 29 use cases that are a part of more than 100 applications. The classified inventory could be useful for scientists as well as stakeholders in the geospatial industry, such as companies and national mapping agencies, as it may serve as a reference document to better position their operations, design product portfolios, and to better understand the market.

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“…These easily accessible (within walking distance) and aesthetic landscapes (scenic) surrounding homes were usually measured using remotely sensed land use / land cover aerial data and GIS viewshed analysis. Poudyal et al (2010) (Bin et al 2008;Hamilton and Morgan 2010). Table 1 below is a summary of range of minimum and maximum marginal price effect as found from the reviewed studies for eight amenity types for both proximity and view category.…”

Section: View Of Non-discrete Amenitiesmentioning

confidence: 99%

Valuing Visual Accessibility of Scenic Landscapes in a Single Family Housing Market: A Spatial Hedonic Approach

Mittal¹,

Thériault²,

Voisin³

et al. 2017

24th Annual European Real Estate Society Conference

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Abstract:This article uses a hedonic modelling approach to assess the effect of visual accessibility of scenic lands on housing price. It estimates households' implicit willingness to pay for the visual accessibility of privately owned voluntarily protected scenic lands in a single family housing market. These lands are protected in perpetuity for natural, historic, and scenic characteristics.The premium price effect was captured using the visual accessibility variable, a combined weighted measure of visibility and proximity. This is named as Gravity Inspired Visibility Index (GIVI). A comprehensive review of eight environmental amenity from multidisciplinary sources provides basis on significance of 'proximity' and 'view.' A detailed methodology on developing spatial interaction variable using 3D GIS and viewshed 1 technology is provided. This variable was used to estimate the capitalized premium from the preserved lands. Both global (adjusted price premium on mean home value from the GWR model. The article offers a useful framework for evaluating effects of land protection for planning and real estate scholars. It also offers useful insight to conservation agencies, local governments, professional planners, and real estate professionals for prioritizing land sites with scenic views and for property development. IntroductionThe study was conducted in Worcester, Massachusetts --the second largest city in the state. A cluster of 26 privately owned Conservation Easement (CE) properties with historically important1 The viewshed identifies cells in an input raster that are visible from one or more observation points. Binary values are added to the output raster with 1 meaning visible and 0means not visible. Please do not cite this paper3 sites and land parcels with scenic amenities were the focus of this article. This study estimates the externality effect of these voluntarily protected lands, on prices of surrounding 1,243 single family detached homes. The protected lands serve as public amenities, offer several indirect and direct environmental, and health benefits to the local community. In past, several parks, trails, waterways, and wildlife areas have been protected this way using CE in the United States. CE involve legal agreements between private landowners and a non-profit or a government agency in the United States to perpetually restrict any future development rights on preservation worthy lands. Under the agreement, the private landowners are allowed to retain their land titles, continue to retain their right to own and use lands. They also have the option to donate or sell the restricted development rights, and claim equivalent federal tax credits (Mittal 2014;Wright, 1994;Gustanski and Squires, 2000). Billions of dollars' worth of public money is involved as tax credits to incentivize private landowners; therefore, to motivate conservation organizations and local governments to promote land preservation activities, this article estimates direct monetary benefits to the local property tax base due to val...

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Integrating lidar, GIS and hedonic price modeling to measure amenity values in urban beach residential property markets

Cited by 86 publications

References 23 publications

Value of urban views in a bay city: Hedonic analysis with the spatial multilevel additive regression (SMAR) model

Value of urban views in a bay city: Hedonic analysis with the spatial multilevel additive regression (SMAR) model

Applications of 3D City Models: State of the Art Review

Valuing Visual Accessibility of Scenic Landscapes in a Single Family Housing Market: A Spatial Hedonic Approach

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