The Amenity Value of Living Close to the Beach: Results from a Hedonic Pricing Model
Faculty Sponsor(s)
Jeff Summers
Location
Jereld R. Nicholson Library: Grand Avenue
Subject Area
Economics
Description
In this study, a hedonic pricing model is applied to the housing market for the Beach Cities area in Southern California. Twenty-five houses from each city make up the data set. Each house was randomly selected on Zillow from the time period of November 2014 to November 2015. Distance was found to have a negative impact on price of $415,263 per house for each mile from the beach.
Recommended Citation
Houghton, Richard B. III, "The Amenity Value of Living Close to the Beach: Results from a Hedonic Pricing Model" (2016). Linfield University Student Symposium: A Celebration of Scholarship and Creative Achievement. Event. Submission 26.
https://digitalcommons.linfield.edu/symposium/2016/all/26
The Amenity Value of Living Close to the Beach: Results from a Hedonic Pricing Model
Jereld R. Nicholson Library: Grand Avenue
In this study, a hedonic pricing model is applied to the housing market for the Beach Cities area in Southern California. Twenty-five houses from each city make up the data set. Each house was randomly selected on Zillow from the time period of November 2014 to November 2015. Distance was found to have a negative impact on price of $415,263 per house for each mile from the beach.
