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A case study of rural land prices at the urban fringe including subjective buyer expectations

Dunford, R.W ; Marti, C.E ; Mittelhammer, R.C

Land economics, 1985-02, Vol.61 (1), p.10-16 [Periódico revisado por pares]

Chicago: University of Wisconsin Press

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  • Título:
    A case study of rural land prices at the urban fringe including subjective buyer expectations
  • Autor: Dunford, R.W ; Marti, C.E ; Mittelhammer, R.C
  • Assuntos: Agricultural land ; Agricultural soils ; Buyers ; Economic expectations ; Economic models ; Economic theory ; Economic value ; Expectations ; LAND ; Land economics ; Land use ; PRECIOS ; PRICES ; PRIX ; Rural ; RURAL AREAS ; Rural land use ; Soil quality ; Studies ; TERRE ; TIERRAS ; Urban fringe ; WASHINGTON ; ZONAS RURALES ; ZONE RURALE ; Zoning
  • É parte de: Land economics, 1985-02, Vol.61 (1), p.10-16
  • Notas: E11
    8603812
    ObjectType-Article-2
    SourceType-Scholarly Journals-1
    ObjectType-Feature-1
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  • Descrição: It is well known that the present value of rural land depends upon anticipated net benefits appropriately discounted. The role of subjective expectations is particularly important in a rapidly developing county where much of the growth is in the form of relatively small residential lots scattered throughout the urban fringe. A study is undertaken that incorporates subjective expectations into a bid-price model for rural land in an urban fringe area. The model is estimated using cross-sectional sales data on vacant rural land from a rapidly growing county adjacent to Portland, Oregon. Data are obtained on vacant rural land parcels of at least 5 acres in size that were purchased during 1978 in Clark County, Washington. Analysis supports the hypothesis that several different categories of factors play important roles in the determination of rural land prices on the urban fringe: 1. site characteristics, 2. location, 3. inflation, 4. restricted access to sewer/water service, and 5. neighborhood development. The type of buyer and buyer expectations are also shown to be important in explaining the variations in rural land prices.
  • Editor: Chicago: University of Wisconsin Press
  • Idioma: Inglês
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  • Realização: ABCD-USP USP   Logos de Redes Sociais: Freepik

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