Article

The Journal of Real Estate Finance and Economics

, Volume 3, Issue 2, pp 185-193

First online:

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

  • Paul K. AsabereAffiliated withDepartment of Legal and Real Estate Studies, Temple University

Rent the article at a discount

Rent now

* Final gross prices may vary according to local VAT.

Get Access

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.