Shoreland Improvements or Disturbances? A Hedonic Price Model for Northeastern Wisconsin
Date
2024Metadata
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"Shoreland development, encompassing features such as boat lifts and manicured lawns, yields significant benefits for property owners. Nevertheless, this development is linked to heightened sediment and pollutant loading, which, in turn, adversely affects aesthetics, recreation, and habitat conditions for fish and other aquatic species. In this study, a hedonic property model was employed, analyzing 847 property sales along Wisconsin inland lakes. The model considered various shoreland development features, using data from 62 lakes surveyed comprehensively under the Wisconsin Department of Natural Resources (WDNR) Lake Shoreland and Shallows Habitat Monitoring Program. Results show positive correlations between sales prices and certain development features, including artificial beaches, erosion control measures, and structures in the littoral zone, after controlling for housing characteristics and lake fixed effects. On the other hand, features such as manicured lawns, floating and emergent plants, and structures in the riparian zone showed no significant correlation with prices.
Presenter: Sue Borchardt, School of Freshwater Science, UW-Milwaukee"
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http://digital.library.wisc.edu/1793/95234Type
Article
Description
"Shoreland development, encompassing features such as boat lifts and manicured lawns, yields significant benefits for property owners. Nevertheless, this development is linked to heightened sediment and pollutant loading, which, in turn, adversely affects aesthetics, recreation, and habitat conditions for fish and other aquatic species. In this study, a hedonic property model was employed, analyzing 847 property sales along Wisconsin inland lakes. The model considered various shoreland development features, using data from 62 lakes surveyed comprehensively under the Wisconsin Department of Natural Resources (WDNR) Lake Shoreland and Shallows Habitat Monitoring Program. Results show positive correlations between sales prices and certain development features, including artificial beaches, erosion control measures, and structures in the littoral zone, after controlling for housing characteristics and lake fixed effects. On the other hand, features such as manicured lawns, floating and emergent plants, and structures in the riparian zone showed no significant correlation with prices.
Presenter: Sue Borchardt, School of Freshwater Science, UW-Milwaukee"