The Journal of Real Estate Finance and Economics

, Volume 3, Issue 2, pp 185–193

The value of a neighborhood street with reference to the cul-de-sac

  • Paul K. Asabere
Article

DOI: 10.1007/BF00216591

Cite this article as:
Asabere, P.K. J Real Estate Finan Econ (1990) 3: 185. doi:10.1007/BF00216591

Abstract

This article provides empirical evidence from Halifax, Nova Scotia, confirming the view that the type of neighborhood street can affect home values. The study identifies two categories of streets-the cul-de-sac and the grid-and measures their impacts on home value. The hypothesis that the cul-de-sac would attract premium values was supported by the study. In this study, the cul-de-sac generated a 29 percent price premium over the grid street pattern. The study concludes with a discussion of planning and development implications.

Copyright information

© Kluwer Academic Publishers 1990

Authors and Affiliations

  • Paul K. Asabere
    • 1
  1. 1.Department of Legal and Real Estate StudiesTemple UniversityPhiladelphiaUSA