Does Proximity To A Golf Course Matter?
Author InfoOwusu-Edusei, Kwame Espey, Molly Abstract In this study, we augment an earlier study by estimating the effect of golf courses on housing values using a data set of single-family homes sold between 1994 and 2000. We find that there is generally a positive impact on houses proximate to open space (golf courses and neighborhood parks). The value of proximity to a golf course is found to be greater than figures reported in previous studies. Proximity impacts extend beyond abutting properties and go as far as to those within almost a quarter of a mile. The value of properties proximate to parks is found to be significant and varies with park size and type. Parks classified as small and medium had positive impacts extending over a quarter of a mile with the small parks having the greatest impact on the value of properties. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may b
