Location
Parker-Reed, SSWAC
Start Date
30-4-2015 9:00 AM
End Date
30-4-2015 10:55 AM
Project Type
Poster
Description
Previous research on the economics of coastal housing markets has proven that housing values along the east coast of the United States capitalize on the attributes of local beaches. These recent studies document two important findings: i) that beach width positively affects coastal property values; ii) and that there is a proximity effect, in which distance from the beach plays a significant role in the capitalization of local beach attributes. This paper builds upon these findings to explore the influence that dune width has on coastal property values in Avalon, New Jersey. I hypothesize that homebuyers in a beach town typically prefer larger dunes due to the protection they provide; so as dune width increases, local property values will also increase, however, the increasing property values will also be affected by their proximity to the beach.
Faculty Sponsor
Sahan T. M. Dissanayake
Sponsoring Department
Colby College. Economics Dept.
CLAS Field of Study
Social Sciences
Event Website
http://www.colby.edu/clas
ID
1127
Included in
The Value of Dune Width in Avalon, New Jersey: A Hedonic Pricing Analysis
Parker-Reed, SSWAC
Previous research on the economics of coastal housing markets has proven that housing values along the east coast of the United States capitalize on the attributes of local beaches. These recent studies document two important findings: i) that beach width positively affects coastal property values; ii) and that there is a proximity effect, in which distance from the beach plays a significant role in the capitalization of local beach attributes. This paper builds upon these findings to explore the influence that dune width has on coastal property values in Avalon, New Jersey. I hypothesize that homebuyers in a beach town typically prefer larger dunes due to the protection they provide; so as dune width increases, local property values will also increase, however, the increasing property values will also be affected by their proximity to the beach.
https://digitalcommons.colby.edu/clas/2015/program/111