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

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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.