Abstract
Hedonic price modeling quantified the impact of golf course frontage on single-family housing prices at 20 different golf courses across the Midwestern city of Omaha, Nebraska. Geographic information system analyses tripled a sample of golf frontage sales, which allowed courses to be valued by detailed access and ownership types, and for 15 individual courses. Private non-equity courses had the greatest impact on adjacent housing prices (28%), followed by public courses (15%), municipal courses (9%), and private-equity courses (5%). However, a wide range of price impacts across individual courses was noted, which indicates the benefits of conducting course-specific analyses.
Original language | English (US) |
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Pages (from-to) | 63-79 |
Number of pages | 17 |
Journal | Journal of Real Estate Research |
Volume | 31 |
Issue number | 1 |
State | Published - 2009 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance (miscellaneous)