Featured Research

from universities, journals, and other organizations

Conservation development has some developers thinking -- and seeing -- green

Date:
March 5, 2013
Source:
Wildlife Conservation Society
Summary:
Homes in neighborhoods that incorporate protected open space command prices 20 to 29 percent higher than those without open space, according to a new study.

Conservation development typically clusters homes on a portion of development properties and protects the remainder for wildlife and other natural resources.
Credit: Sarah Reed WCS

Homes in neighborhoods that incorporate protected open space command prices 20 to 29 percent higher than those without open space, according to a new study by a Colorado State University multidisciplinary research team that included Wildlife Conservation Society scientist, Sarah Reed.

Conservation development is an approach to the design, construction, and stewardship of a development that protects natural resources while also providing social and economic benefits to people. The properties in this study specifically incorporated protected open space into the design of the neighborhood.

The study, which was funded by the National Association of Realtors and CSU's School of Global Environmental Sustainability, evaluated home sales in more than 200 developments across Colorado. Researchers chose Chaffee, Douglas, Larimer, Mesa and Routt counties as a representative sample of Colorado communities and because they had large numbers of conservation developments.

Results showed increased sales prices (20 to 29 percent) were paid for homes in conservation development projects when compared to conventional rural residential projects across the five counties.

"Our study shows that people are willing to pay more to live in subdivisions that incorporate conservation elements," said Sarah Reed, a study co-author, faculty affiliate in the Fish, Wildlife and Conservation Department at CSU and Associate Conservation Scientist with the Wildlife Conservation Society. "This may provide an extra incentive for developers, real estate professionals and lending institutions to market this type of development."

Other results from the study indicated that increased sales prices for homes in conservation development projects varied among counties (9 to 51 percent) and that a greater number of homes and lots sold per conservation development project vs. conventional development projects between 1998 and 2011.

The study appears in the peer-reviewed Journal of Sustainable Real Estate. Reed and Liba Pejchar, assistant professor in the Warner College of Natural Resources, served as principal investigators on the project. The lead author of the study paper is Christopher Hannum, a CSU economics doctoral student. Co-authors include Lindsay Ex, a senior environmental planner with the City of Fort Collins, and Steven Laposa of Alvarez & Marsal Real Estate Advisory Services in Denver.

Reed and Pejchar lead a Global Challenges Research Team on Conservation Development, a group of 20 researchers from nine departments in five colleges at CSU that is synthesizing data on existing conservation development practices, establishing a rigorous scientific basis for evaluating conservation development designs and policies, and engaging with land use planning, development, and conservation practitioners to inform the design of future projects in the United States and around the world.

"This is the kind of collaborative research at the School of Global Environmental Sustainability that is solving big global challenges and getting the solutions into the hands of people who need them," said Diana Wall, University Distinguished Professor and founding director of the school.

Future projects will assess whether conservation development subdivisions are achieving conservation benefits.


Story Source:

The above story is based on materials provided by Wildlife Conservation Society. Note: Materials may be edited for content and length.


Cite This Page:

Wildlife Conservation Society. "Conservation development has some developers thinking -- and seeing -- green." ScienceDaily. ScienceDaily, 5 March 2013. <www.sciencedaily.com/releases/2013/03/130305130449.htm>.
Wildlife Conservation Society. (2013, March 5). Conservation development has some developers thinking -- and seeing -- green. ScienceDaily. Retrieved September 19, 2014 from www.sciencedaily.com/releases/2013/03/130305130449.htm
Wildlife Conservation Society. "Conservation development has some developers thinking -- and seeing -- green." ScienceDaily. www.sciencedaily.com/releases/2013/03/130305130449.htm (accessed September 19, 2014).

Share This



More Earth & Climate News

Friday, September 19, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Raw: Wildfires in CA Burn Forest Asunder

Raw: Wildfires in CA Burn Forest Asunder

AP (Sep. 18, 2014) An out-of-control Northern California wildfire has nearly 2,800 people from their homes as it continues to grow, authorities said Thursday. Authorities said a man has been arrested on suspicion of arson for starting the fire on Saturday. (Sept. 18) Video provided by AP
Powered by NewsLook.com
Raw: Elephant Undergoes Surgery in Tbilisi Zoo

Raw: Elephant Undergoes Surgery in Tbilisi Zoo

AP (Sep. 18, 2014) Grand the elephant has successfully undergone surgery to remove a portion of infected tusk at Tbilisi Zoo in Georgia. British veterinary surgeons used an electric drill to extract the infected piece. (Sept. 18) Video provided by AP
Powered by NewsLook.com
Raw: Scientists Examine Colossal Squid

Raw: Scientists Examine Colossal Squid

AP (Sep. 16, 2014) Squid experts in New Zealand thawed and examined an unusual catch on Tuesday: a colossal squid. It was captured in Antarctica's remote Ross Sea in December last year and has been frozen for eight months. (Sept. 16) Video provided by AP
Powered by NewsLook.com
Man Floats for 31 Hours in Gulf Waters

Man Floats for 31 Hours in Gulf Waters

AP (Sep. 16, 2014) A Texas man is lucky to be alive after he and three others floated for more than a day in the Gulf of Mexico when their boat sank during a fishing trip. (Sept. 16) Video provided by AP
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins