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.
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PUB13949