Neighborhood amenity packages, property price, and marketing time

Property Management

Volumn 27, Issue 5, 2009, Pages 348-370

  Benefield, Justin D ^a  

^a School of Business and Economics   (United States)

Author keywords

Leisure facilities; Pricing; Real estate; Residential homes; United States of America

Indexed keywords

EID: 72049122720     PISSN: 02637472     EISSN: None     Source Type: Journal    
DOI: 10.1108/02637470910998483     Document Type: Article

References (50)

1. Allen, M.T., Faircloth, S. and Rutherford, R.C. (2005), "The impact of range pricing on marketing time and transaction price: a better mousetrap for the existing home market?" in Journal of Real Estate Finance and Economics, Vol. 31, No. 1, pp. 71-82.
2. Anderson, L.M. and Cordell, H.K. (1985), "Residential property values improved by landscaping with trees" in Southern Journal of Applied Forestry, Vol. 9, No. 3, pp. 162-6.
3. Anglin, P.M., Rutherford, R.C. and Springer, T.M. (2003), "The trade-off between selling price of residential properties and time-on-the-market: the impact of price setting" in Journal of Real Estate Finance and Economics, Vol. 26, No. 1, pp. 95-111.
4. Asabere, P.K. and Huffman, F.E. (1996), "Negative and positive impacts of golf course proximity on home prices" in Appraisal Journal, Vol. 64, No. 4, pp. 351-5.
5. Bajic, V. (1985), "Housing-market segmentation and demand for housing attributes: some empirical findings" in Journal of the American Real Estate and Urban Economics Association, Vol. 13, No. 1, pp. 58-75.
6. Benson, E.D., Hansen, J.L., Schwartz, A.L. Jr and Smersh, G.T. (1998), "Pricing residential amenities: the value of a view" in Journal of Real Estate Finance and Economics, Vol. 16, No. 1, pp. 55-73.
7. Boyle, M.A. and Kiel, K.A. (2001), "A survey of house price hedonic studies of the impact of environmental externalities" in Journal of Real Estate Literature, Vol. 9, No. 2, pp. 117-44.
8. Brasington, D.M. (1999), "Which measures of school quality does the housing market value?" in Journal of Real Estate Research, Vol. 18, No. 3, pp. 395-414.
9. Butler, R.V. (1980), "Cross-sectional variation in the hedonic relationship for urban housing markets" in Journal of Regional Science, Vol. 20, No. 4, pp. 439-54.
10. Chambers, D.N. (1992), "The racial housing price differential and racially transitional neighborhoods" in Journal of Urban Economics, Vol. 32, No. 2, pp. 214-32.
11. Clark, D.E. and Herrin, W.E. (2000), "The impact of public school attributes on home sale prices in California" in Growth and Change, Vol. 31, No. 3, pp. 385-407.
12. Collins, W.J. and Margo, R.A. (2003), "Race and the value of owner-occupied housing, 1940-1990" in Regional Science and Urban Economics, Vol. 33, No. 3, pp. 255-67.
13. Dietz, R.D. (2002), "The estimation of neighborhood effects in the social sciences: an interdisciplinary approach" in Social Science Research, Vol. 31, No. 4, pp. 539-75.
14. Do, A.Q. and Grudnitski, G. (1995), "Golf courses and residential house prices: an empirical investigation" in Journal of Real Estate Finance and Economics, Vol. 10, No. 3, pp. 261-70.
15. Dombrow, J., Rodriguez, M. and Sirmans, C.F. (2000), "The market value of mature trees in single-family housing markets" in Appraisal Journal, Vol. 68, No. 1, pp. 39-43.
16. Doss, C.R. and Taff, S.J. (1996), "The influence of wetland type and wetland proximity on residential property values" in Journal of Agricultural and Resource Economics, Vol. 21, No. 1, pp. 120-9.
17. Dotzour, M.G. and Levi, D.R. (1992), "The impact of corporate ownership on residential transaction prices" in Journal of Real Estate Research, Vol. 7, No. 2, pp. 207-16.
18. Ellen, I.G. and Turner, M.A. (1997), "Does neighborhood matter? Assessing recent evidence" in Housing Policy Debate, Vol. 8, No. 4, pp. 833-66.
19. Epsey, M. and Owusu-Edusei, K. (2001), "Neighborhood parks and residential property values in Greenville, South Carolina" in Journal of Agricultural and Applied Economics, Vol. 33, No. 3, pp. 487-92.
20. Forgey, F.A., Rutherford, R.C. and Springer, T.M. (1996), "Search and liquidity in single-family housing" in Real Estate Economics, Vol. 24, No. 3, pp. 273-92.
21. Forgey, F.A., Rutherford, R.C. and VanBuskirk, M.L. (1994), "Effect of foreclosure status on residential selling price" in Journal of Real Estate Research, Vol. 9, No. 3, pp. 313-8.
22. Galster, G.C. (1982), "Black and white preferences for neighborhood racial composition" in Journal of the American Real Estate and Urban Economics Association, Vol. 10, No. 1, pp. 39-66.
23. Glower, M., Haurin, D.R. and Hendershott, P.H. (1998), "Selling time and selling price: the influence of seller motivation" in Real Estate Economics, Vol. 26, No. 4, pp. 719-40.
24. Greene, W.H. (1997), Econometric Analysis, 3rd ed., Prentice-Hall, Upper Saddle River, NJ.
25. Haurin, D.R. (1988), "The duration of marketing time of residential housing" in Journal of the American Real Estate and Urban Economics Association, Vol. 16, No. 4, pp. 396-410.
26. Haurin, D.R., Dietz, R.D. and Weinberg, B.A. (2003), "The impact of neighborhood homeownership rates: a review of the theoretical and empirical literature" in Journal of Housing Research, Vol. 13, No. 2, pp. 119-51.
27. Hendon, W.S. (1973), "Property values, schools, and park-school combinations" in Land Economics, Vol. 49, No. 2, pp. 216-8.
28. Huang, J. and Rutherford, R.C. (2007), "Who you going to call? Performance of realtors and non-realtors in a MLS setting" in Journal of Real Estate Finance and Economics, Vol. 35, No. 1, pp. 77-93.
29. Jackson, T.O. (2001), "The effects of environmental contamination on real estate: a literature review" in Journal of Real Estate Literature, Vol. 9, No. 2, pp. 93-116.
30. Johnson, K.H., Springer, T.M. and Brockman, C.M. (2005), "Price effects of non-traditionally broker-marketed properties" in Journal of Real Estate Finance and Economics, Vol. 31, No. 3, pp. 331-43.
31. Jud, G.D. and Watts, J.M. (1981), "Schools and housing values" in Land Economics, Vol. 57, No. 3, pp. 459-70.
32. Kiefer, N.M. (1988), "Economic duration data and hazard functions" in Journal of Economic Literature, Vol. 26, No. 2, pp. 646-79.
33. Kiel, K.A. and Zabel, J.E. (1996), "House price differentials in US cities: household and neighborhood racial effects" in Journal of Housing Economics, Vol. 5, No. 2, pp. 143-65.
34. Knight, J.R. (2002), "Listing price, time-on-market, and ultimate selling price: causes and effects of listing price changes" in Real Estate Economics, Vol. 30, No. 2, pp. 213-37.
35. Knight, J.R., Miceli, T. and Sirmans, C.F. (2000), "Repair expenses, selling contracts, and house values" in Journal of Real Estate Research, Vol. 20, No. 3, pp. 323-36.
36. Lutzenhiser, M. and Netusil, N.R. (2001), "The effect of open spaces on a home's sale price" in Contemporary Economic Policy, Vol. 19, No. 3, pp. 291-8.
37. Mahan, B.L., Polasky, S. and Adams, R.M. (2000), "Valuing urban wetlands: a property price approach" in Land Economics, Vol. 76, No. 1, pp. 100-13.
38. Morales, D.J. (1980), "The contribution of trees to residential property value" in Journal of Arboriculture, Vol. 6, No. 11, pp. 305-8.
39. Netusil, N.R. (2005), "The effect of environmental zoning and amenities on property values: Portland, Oregon" in Land Economics, Vol. 81, No. 2, pp. 227-46.
40. Plattner, R.H. and Campbell, T.J. (1978), "A study of the effect of water view on site value" in Appraisal Journal, Vol. 46, No. 1, pp. 20-5.
41. Reed, R. (2001), "The significance of social influences and established housing values" in Appraisal Journal, Vol. 69, No. 4, pp. 356-61.
42. Schnare, A.B. (1976), "Racial and ethnic price differentials in an urban housing market" in Urban Studies, Vol. 13, No. 2, pp. 107-20.
43. Seiler, M.J., Bond, M.T. and Seiler, V.L. (2001), "The impact of world class Great Lakes water views on residential property values" in Appraisal Journal, Vol. 69, No. 3, pp. 287-95.
44. Sirmans, C.F., Turnbull, G.K. and Dombrow, J. (1995), "Quick house sales: seller mistake or luck?" in Journal of Housing Economics, Vol. 4, No. 3, pp. 230-43.
45. Sirmans, G.S., Macpherson, D.A. and Zietz, E.N. (2005), "The composition of hedonic pricing models" in Journal of Real Estate Literature, Vol. 13, No. 1, pp. 3-43.
46. Springer, T.M. (1996), "Single-family housing transactions: seller motivations, price and marketing time" in Journal of Real Estate Finance and Economics, Vol. 13, No. 3, pp. 237-54.
47. Turnbull, G.K. and Dombrow, J. (2007), "Individual agents, firms, and the real estate brokerage process" in Journal of Real Estate Finance and Economics, Vol. 35, No. 1, pp. 57-76.
48. Tyrvainen, L. and Miettinen, A. (2000), "Property prices and urban forest amenities" in Journal of Environmental Economics and Management, Vol. 39, No. 2, pp. 205-23.
49. Walden, M.L. (1990), "Magnet schools and the differential impact of school quality on residential property values" in Journal of Real Estate Research, Vol. 5, No. 2, pp. 221-30.
50. Zuehlke, T.W. (1987), "Duration dependence in the housing market" in Review of Economics and Statistics, Vol. 69, No. 4, pp. 701-4.