The price effects of HVTLs on abutting homes

This article reports findings of an empirical study of Portland, OR, and Seattle, WA, housing markets. It examines the price effect of abutting high-voltage transmission line (HVTL) rights of way. The results are based on an examination of a rich sample of single-family home sales occurring in 2005,...

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Bibliographic Details
Published in:The Appraisal journal 2013-01, Vol.81 (1), p.45
Main Authors: Bottemiller, Steven C, Wolverton, Marvin L
Format: Article
Language:English
Subjects:
Appraisers
Case studies
Dwellings
Electric power lines
Environmental aspects
Homeowners
Housing
Housing prices
Influence
Laws, regulations and rules
Literature reviews
Power
Power lines
Pricing
Property values
Real estate appraisal
Real estate sales
Regression analysis
Right of way
Single family
Studies
Surveys
Valuation
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Summary:This article reports findings of an empirical study of Portland, OR, and Seattle, WA, housing markets. It examines the price effect of abutting high-voltage transmission line (HVTL) rights of way. The results are based on an examination of a rich sample of single-family home sales occurring in 2005, 2006, and half of 2007. It adds to an understanding of residential HVTL proximity price effects in a number of ways: it revisits the Portland and Seattle housing markets during a different market period; it relies on data from a seller's market in the housing market cycle; it relies on richer and larger data sets than prior research in these markets; it confirms many findings of a previous study concerning how abutting homes are affected by HVTLs; and it provides a new perspective on the Seattle market by investigating the HVTL price effect on higher-priced homes. It also buttresses the idea that all markets do not react in the same way to HVTL proximity. [PUBLICATION ABSTRACT]
ISSN:0003-7087