The value of views and open space: Estimates from a hedonic pricing model for Ramsey County, Minnesota, USA Export

@article{citeulike:4057387, abstract = {We examined how environmental amenities, particularly views and open space access, impact residential home sales prices in Ramsey County, MN using a hedonic pricing model. Home sale prices increase with closer proximity to parks, trails, lakes, and streams. Proximity to lakes produced the greatest impact on home sale value of these distance variables, followed by parks, trails, and streams. Increasing view areal extents as well as increasing the amount of water and grassy land covers in views also resulted in increased sale prices. Increased view richness in terms of the number of different land cover types in a view reduced home sale prices. These results illustrate the importance of these environmental amenities to single-family homeowners and can be used to inform land use planning and policy decisions aimed at their preservation.}, author = {Sander, H. and Polasky, S.}, citeulike-article-id = {4057387}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/j.landusepol.2008.10.009}, citeulike-linkout-1 = {http://linkinghub.elsevier.com/retrieve/pii/S0264837708001324}, day = {04}, doi = {10.1016/j.landusepol.2008.10.009}, issn = {02648377}, journal = {Land Use Policy}, keywords = {economics, open, space}, month = {December}, posted-at = {2009-02-23 06:03:54}, priority = {0}, title = {The value of views and open space: Estimates from a hedonic pricing model for Ramsey County, Minnesota, USA}, url = {http://dx.doi.org/10.1016/j.landusepol.2008.10.009}, year = {2008} }

TY - JOUR ID - citeulike:4057387 L3 - citeulike-article-id:4057387 N2 - We examined how environmental amenities, particularly views and open space access, impact residential home sales prices in Ramsey County, MN using a hedonic pricing model. Home sale prices increase with closer proximity to parks, trails, lakes, and streams. Proximity to lakes produced the greatest impact on home sale value of these distance variables, followed by parks, trails, and streams. Increasing view areal extents as well as increasing the amount of water and grassy land covers in views also resulted in increased sale prices. Increased view richness in terms of the number of different land cover types in a view reduced home sale prices. These results illustrate the importance of these environmental amenities to single-family homeowners and can be used to inform land use planning and policy decisions aimed at their preservation. JF - Land Use Policy SN - 02648377 TI - The value of views and open space: Estimates from a hedonic pricing model for Ramsey County, Minnesota, USA KW - economics KW - open KW - space AU - Sander, H AU - Polasky, S PY - 2008/12/04/ UR - http://dx.doi.org/10.1016/j.landusepol.2008.10.009 ER -