Title
Comparative Analysis of Housing in Conservation Developments: Colorado Case Studies
Author(s)
Hannum, C.;Laposa, S.;Reed, S.E.;Pejchar, L. ;Ex, L.
Published
2012
Publisher
Journal of Sustainable Real Estate
Abstract
Conservation development (CD) is an approach to the site design of a development property that combines residential development and land conservation. CD has been heralded as an environmentally-friendly development alternative and a means to finance land conservation. We employ a Box-Cox hedonic methodology using transaction data for all CD subdivisions in five Colorado counties, as well as a unique sample of homes in comparable nearby rural non-CD subdivisions to assess the value of the CD amenity to homeowners. Our research demonstrates significant sales price premiums for homes located in regulated and unregulated CDs relative to comparable non-CDs.

Access Full Text

A full-text copy of this article may be available. Please email the WCS Library to request.



Back

PUB13949