The Impact of Greenways on Property Values
Evidence from Austin, Texas
Bibliographic Data
| ID | 10137573 |
|---|---|
| Authors | Sarah Nicholl (0000-0001-9363-179X, Culture Resource, corresponding author), Sarah Nicholls, John L Crompton (0000-0002-1302-383X, California Department of Parks and Recreation) |
| Year | 2005 |
| Volume | 37 |
| Issue | 3 |
| Pages | 321-341 |
| Publication date | 2005-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Leisure Research (JOURNAL) |
| Journal identifiers | ISSN: 0022-2216 • E-ISSN: 2159-6417 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/00222216.2005.11950056 |
| OpenAlex | W2133467179 |
| Language | EN |
| Citations received | 37 |
| References cited | 15 |
The effect of greenways on surrounding residential property values remains somewhat of an unknown quantity. Though several studies have ascertained that nearby residents tend to view greenways as positive or neutral amenities that increase or have no discernible impact on property values and saleability, these results are mostly based on anecdote rather than actual market data. Using the hedonic pricing method, this study demonstrates that greenways may indeed have significant positive impacts on proximate properties' sales prices. Adjacency to a greenbelt produced significant property value premiums in two of three neighborhoods. Physical access to a greenbelt had a significant, positive impact in one case, but was insignificant in two others. No negative greenway impacts were recorded.KEYWORDS: Greenwaysproperty valueshedonic pricing
Agricultural economics · Anecdote · Business · Civil engineering · Econometrics · Economics · Geography · Hedonic Pricing · Land use · land values · Market value · Political science · Property (philosophy · Property value · Real estate · Regional science · Residential property · Statistics · Value (mathematics · Economic and Environmental Valuation · Engineering · Finance · Housing Market and Economics · Law · Mathematics · Urban Green Space and Health
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Understanding Property-Associated Urban Greening
Relation between the Views and the Real Estate Application to a Mediterranean Coastal Area
Transmission corridors as multifunctional landscapes
The financial impact of street-level greenery on New York commercial buildings
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Landscape amenities and local development
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Spatial Is Special
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Conversion, coordination and care
The Economic Impact of Greening Urban Vacant Land
| Unique citing works | 37 |
|---|---|
| Citations per year | 1,95 |
| Citation span | 2007 - 2026 (20) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 37 |