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2015 Spring Symposium on Undergraduate Research and Community... has ended
Wednesday, April 22 • 10:05am - 10:25am
Valuing Creeks on Residential Property through Hedonic Price Analysis

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This study uses Hedonic price theory and multiple regression to measure the effect of proximity to a creek or stream on the sale price of single family homes in the Asheville area, all else equal. GIS spatial analytics are used to process data for variables with a geographic component. Multiple regression shows the effect and significance of each variable on sale price holding all others constant. Presence of a water feature is expected to have a positive effect on sale price, given that it does not significantly increase flood risk.

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Wednesday April 22, 2015 10:05am - 10:25am
016 Karpen Hall

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