caa a22 4500 445316772 CHVBK 20180317142650.0 cr unu---uuuuu 170323e20110201xx s 000 0 eng 10.1007/s11146-009-9195-x doi (NATIONALLICENCE)springer-10.1007/s11146-009-9195-x An Estimation of the Coastal Premium for Residential Housing Prices in San Diego County [Elektronische Daten] [Stephen Conroy, Jennifer Milosch] The authors attempt to estimate the "coastal premium”—additional value conferred on a residence from being located near the coast—of single family homes in San Diego County, while controlling for other locational and structural characteristics. A previous investigation published in 2001 for south Orange County found that moving away from the coast by one mile was associated with a $42,000 lower housing price. Intrigued by this finding, we investigate whether (a) a similar coastal premium exists for all of San Diego County and (b) the premium varies by incremental distance from the coast (e.g., for 500-feet increments). Using data from 9,755 San Diego County home sales in 2006, results presented here suggest that for a median-priced home ($540,000) at the mean distance from the coast (approximately 9 miles—and considerably farther than the Orange County estimate) a one-mile increase in distance from the coast would reduce the sale price by approximately $8,680. Specifying by specific distance increments, we find that the coastal premium is approximately 101.9% for houses within 500 feet of the coast (i.e., their value is 101.9% higher than similar homes located beyond six miles of the coast), falling to 62.8% for homes between 500 and 1,000 feet, declining to approximately 3.3% for homes located between five and six miles of the coast, disappearing entirely beyond around six miles. Since average comparisons of the sort initially considered in this analysis can be very misleading, researchers should consider the nonlinear incremental distance effects in model specifications. The Author(s), 2009 Coastal premium nationallicence Hedonic model nationallicence San Diego nationallicence Housing prices nationallicence California housing nationallicence Conroy Stephen Department of Economics, School of Business Administration, University of San Diego, 92110-2492, San Diego, CA, USA aut Milosch Jennifer Department of Economics, University of California, 2127 North Hall, 93106-9210, Santa Barbara, CA, USA aut The Journal of Real Estate Finance and Economics Springer US; http://www.springer-ny.com 42/2(2011-02-01), 211-228 0895-5638 42:2<211 2011 42 11146 https://doi.org/10.1007/s11146-009-9195-x text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11146-009-9195-x text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Conroy Stephen Department of Economics, School of Business Administration, University of San Diego, 92110-2492, San Diego, CA, USA aut NATIONALLICENCE 700 1- Milosch Jennifer Department of Economics, University of California, 2127 North Hall, 93106-9210, Santa Barbara, CA, USA aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Springer US; http://www.springer-ny.com 42/2(2011-02-01), 211-228 0895-5638 42:2<211 2011 42 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer