The Effect of Group Homes on Neighborhood Property Values

Colwell, Peter F.; Dehring, Carolyn A.; Lash, Nicholas A.

doi:10.2307/3146956

Cited by 52 publications

(32 citation statements)

References 12 publications

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“…In other words, there is a close association between neighbourhood quality and property value. Many previous studies (e.g., Jacobs, 1941;Li & Brown, 1980;Colwell et al, 2000;Boyle & Kiel, 2001;Din et al, 2001) have supported this. For example, in the United States, water views of varying quality and type add different premiums for waterside properties (Benson et al, 1998).…”

Section: Externalities In the Property Marketsupporting

confidence: 60%

Does comprehensive redevelopment change the housing price gradient? A case study in Mongkok, Hong Kong

Yau¹

2011

Urbani izziv

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Section: Externalities In the Property Marketsupporting

confidence: 60%

Does comprehensive redevelopment change the housing price gradient? A case study in Mongkok, Hong Kong

Yau¹

2011

Urbani izziv

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“…For example, the hedonic model has been used to assess the influence of various factors on housing values such as public transport, school quality, community planning, and special land uses (e.g., Tu and Eppli, 2001;Colwell et al, 2000;Carol1 et al, 1996 andIrwin, 2002). A significant body of literature on environmental impact on property values has also used this methodology (see Boyle et al, 2001 for a survey of literature).…”

Section: Hedonic -Pricing Modelmentioning

confidence: 98%

The Effects of Urban Redevelopment on Neighbourhood Housing Prices

Jayantha²

2010

International Journal of Urban Sciences

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The topic of neighbourhood improvement is central to residential appraisal. The study empirically investigates how the redevelopment affects the housing values in the vicinity. Using price gradient approach based on hedonic pricing model, we study the effects of an urban redevelopment project on housing property prices during the pre-redevelopment stage, construction stage and post-redevelopment stage. The results show that there were significant increases in property prices between before implementation and after completion of the redevelopment project. Property value enhancements well ahead of the actual project completion are also observed. It suggests that redevelopment has brought overall improvements to the surrounding properties and the expectation of these advantages was taken into consideration in the pricing of the properties during the construction phase. In addition, the changes in housing price gradients reveal that the effects of redevelopment varied with proximity between the properties and the redeveloped site. Properties which have the closest proximity with the redevelopment are found to have experienced greater increase in price after redevelopment but less extent of price rise during construction. It is important for urban planners to carefully consider the externalities of redevelopment received by properties in different locations, in order to maximize the positive impacts of redevelopment on the neighbourhood.

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“…Some others have paid their emphasis on some special attributes such as the influence of neighboring group home [25], or mix land use property [26,27], etc. These researches have well described the influences of all kinds of location characteristics on property value.…”

Section: Introductionmentioning

confidence: 99%

Hedonic valuation of the spatial competition for urban circumstance utilities: case Wuhan, China

2008

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It has generally accepted Alonso's [1] theory about the allocation of different land uses of commerce, resident and industry in urban area. A bunch of researches have provided their aspects of the theme of the relationships between urban circumstances and urban land uses in either the influence of one or several designate circumstance factors on different land uses, or the comprehensive analysis of the influence of all kinds of circumstance on one selected land usage (e.g. residential use). There is still not a wholly analysis about the influence of all kinds of spatial characteristics, available for the location selection of different land uses. That's why this research selects to engage in a study on the difference among "consumer preferences" to the location amenities in the city. Here we regard the behavior as "spatial competition of the locations". Hedonic regression model (HRM) analysis is employed as the basic framework of the research. Tabular comparison of HRM parameters performed with principal components analysis (PCA) and Geographic Information Science (GIS) provides all necessary numerical investigation and spatial analysis until to the finally results. The research can be helpful for putting forward to a further integrated investigation on the relationship between urban circumstance and real land use values.

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The Effect of Group Homes on Neighborhood Property Values

Cited by 52 publications

References 12 publications

Does comprehensive redevelopment change the housing price gradient? A case study in Mongkok, Hong Kong

Does comprehensive redevelopment change the housing price gradient? A case study in Mongkok, Hong Kong

The Effects of Urban Redevelopment on Neighbourhood Housing Prices

Hedonic valuation of the spatial competition for urban circumstance utilities: case Wuhan, China

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