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By Kim, J., & Bae, C. H. C.
Full Citation
Kim, J., & Bae, C. H. C. (2020). Do home buyers value the New Urbanist neighborhood? The case of Issaquah Highlands, WA. Journal of Urbanism: International Research on Placemaking and Urban Sustainability, 13(3), 303-324.
Key Findings
This study uses the hedonic pricing technique to assess the impact of New Urbanism on the value of single-family residences, assessing 1,780 single family homes in Issaquah Highlands and the City of Issaquah. The findings suggest that people are willing to pay a $92,700–96,800 premium (approximately 7.1–12.0 percent of the sales prices) for New Urbanism.