The value of a neighborhood street with reference to the cul-de-sac
- Cite this article as:
- Asabere, P.K. J Real Estate Finan Econ (1990) 3: 185. doi:10.1007/BF00216591
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.