How different home styles are valued in the Salt Lake City market

Abstract

This thesis focuses on market valuation of attributes of single family housing in the Salt Lake City market. Using data from different sub-regions of Salt Lake County, this paper addresses the question of buyer demand with respect to home style. Using hedonic regression analysis, the thesis explores the premium or discount associated with different styles of homes. Analyzing the hedonic results in the context of the current housing stock in the Salt Lake Area provides interesting insights into how rambler, two-story, splitentry and tri-level homes are valued. The hedonic model shows that buyers pay a premium for ramblers across the different sub areas of Salt Lake City. Given this premium, the thesis explores what the optimal mix of home style might be in the two areas where considerable developable land remains.