Since 2014
The Impact of Changing Lake Levels on Property Values
The Review of Regional Studies
View Archive Info| Field | Value | |
| Title |
The Impact of Changing Lake Levels on Property Values
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| Creator |
Dickes, Lori Ann
Crouch, Elizabeth Louise |
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| Subject |
housing prices; hedonic models; lake levels
R14; R13; R11 |
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| Description |
This study uses hedonic pricing models to examine the relationship between lake levels and property values for properties located adjacent to Lake Thurmond. Lake Thurmond is located along the Savannah River Basin, bordering Georgia and South Carolina. Of the 1,030 real estate observations from 2000-2009 for which data was fully reliable, 388 were lake-front homes. The model of the effect of lake level on sales prices also includes home characteristics, home condition variables, lake attributes, and macroeconomic control variables. Results reveal a statistically significant change in sales price when the lake is closer to full pool. Results confirm that declining Lake Thurmond water levels have an impact on real estate values within some ranges below full pool. As climate variability places increasing pressure on communities, future research would benefit from further exploration into the relationship between economic activity and changing lake levels.
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| Publisher |
Southern Regional Science Association
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| Contributor |
—
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| Date |
2015-12-17
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://journal.srsa.org/ojs/index.php/RRS/article/view/45.3.2
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| Source |
The Review of Regional Studies; Vol 45, No 3 (2015); 221-235
0048-749X 1553-0892 |
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| Language |
eng
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| Relation |
http://journal.srsa.org/ojs/index.php/RRS/article/view/45.3.2/pdf
http://journal.srsa.org/ojs/index.php/RRS/article/downloadSuppFile/45.3.2/72 |
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| Rights |
Copyright (c) 2015 CC: BY NC ND
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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