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Trees in the city: valuing street trees in Portland, OregonAuthor(s): G.H. Donovan; D.T. Butry
Source: Landscape and Urban Planning. 94: 77-83
Publication Series: Scientific Journal (JRNL)
Station: Pacific Northwest Research Station
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DescriptionWe use a hedonic price model to simultaneously estimate the effects of street trees on the sales price and the time-on-market (TOM) of houses in Portland. Oregon. On average, street trees add $8,870 to sales price and reduce TOM by 1.7 days. In addition, we found that the benefits of street trees spill over to neighboring houses. Because the provision and maintenance of street trees in Portland is the responsibility of adjacent property owners, our results suggest that if the provision of street trees is left solely to homeowners, then there will be too few street trees from a societal perspective.
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CitationDonovan, G.H.; Butry, D.T. 2010. Trees in the city: valuing street trees in Portland, Oregon. Landscape and Urban Planning. 94: 77-83.
Keywordsstreet trees, urban forestry, hedonic valuation, Portland, Oregon
- Market-based approaches to tree valuation
- Calculating the green in green: What's an urban tree worth?
- The effect of urban trees on the rental price of single-family homes in Portland, Oregon
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