Presenter Information

Matthew Mignon, Colby CollegeFollow

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

Economics Commons

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Apr 30th, 9:00 AM Apr 30th, 10:55 AM

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.

http://digitalcommons.colby.edu/clas/2015/program/111