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Valuing House and Landscape Attributes: Application of the Hedonic Pricing Technique

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  • Coley, Madison C.
  • Florkowski, Wojciech J.

Abstract

Hedonic pricing is used to determine the effect of a landscape element such as the lawn area on the home selling price of single-family homes in Athens, Georgia. Results show that lawn area and the use of zoysiagrass as the dominant species positively and significantly influenced the selling price.

Suggested Citation

  • Coley, Madison C. & Florkowski, Wojciech J., 2006. "Valuing House and Landscape Attributes: Application of the Hedonic Pricing Technique," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35385, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaso:35385
    DOI: 10.22004/ag.econ.35385
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    References listed on IDEAS

    as
    1. François Des Rosiers & Marius Thériault & Yan Kestens & Paul Villeneuve, 2002. "Landscaping and House Values: An Empirical Investigation," Journal of Real Estate Research, American Real Estate Society, vol. 23(1/2), pages 139-162.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Goodman, Allen C., 1998. "Andrew Court and the Invention of Hedonic Price Analysis," Journal of Urban Economics, Elsevier, vol. 44(2), pages 291-298, September.
    4. Craig, Lee A & Palmquist, Raymond B & Weiss, Thomas, 1998. "Transportation Improvements and Land Values in the Antebellum United States: A Hedonic Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 16(2), pages 173-189, March.
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    Keywords

    Land Economics/Use;

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