Tag Archives: Homes Near Open Spaces Command Big Bucks

A Colorado State University (CSU) study looked into home prices in conservation developments, where residential real estate is limited and usually 50 percent to 70 percent of the land is set aside as open space. The research shows that home buyers are willing to pay a premium to live near such open, undeveloped tracts. Sarah Reed, co-author of the study, and her colleagues compared 2,222 home sales in five counties throughout Colorado between 1998 to 2011. The conservation developments designated an average 64 percent of land as open space, while […]