Contrary to what is reported in prior research (Cheshire and Sheppard 1995; Bible and Hsieh 2001; Lang and Nelson 2007), dummy variables such for floor materials, gated neighborhoods, and neighboring schools do not seem to improve housing values in this sample.
They include binary indicators for the presence of the dwelling within a gated neighborhood (GATE), whether the neighborhood has a guard post (GUARD), and if the neighborhood has a park or green areas (PARK).
Table 1 Mnemonics and description Variable Name Description HP Housing price in pesos LOT Property area in square meters FLS Floor area in square meters BED Number of bedrooms BATH Number of bathrooms PSP Number of parking spaces LEV Number of floors MATNC Brick walls FLOORNC Cement floors GATE Gated neighborhood GUARD Guard post in the neighborhood PARK Park or green areas in the neighborhood SCH School located nearly COMM Commercial area located nearly ML Major avenue or street access Table 2 Numeric variable summary statistics Standard Variable Name Mean Deviation Minimum HP 896,208 397,224 68,000 LOT 160.
Germay is smaller than the other gated neighborhoods
on Chenal Valley's northern end: Orle, Sologne and Deauville.
2 million), Longboat Key offers some of the most stunning gated neighborhoods in the area.
Here, residents enjoy a laid-back, fun-filled lifestyle at communities like Boca Royale Golf & Country Club, a private gated neighborhood of Georgian one-story houses (to $525,000); and Windward of Cape Haze, a meticulously planned community with properties ranging from the mid-$200,000s to more than $2 million.
Only a few Phase One homes are left as The Palisades Introduces 12 New Neighborhoods, Including Tree Tops, an English-Themed, Gated Neighborhood
of Downsized Luxury Homes by ArcadiA.
She called her estate The Oaks, and today its grounds remain near the prestigious, exclusive gated neighborhood that bears the same name.
This is a private gated neighborhood lush with mature tropical foliage.
Built in 2002, the home is located at 7018 Portmarnock Place in Country Club Village, one of the most prestigious gated neighborhoods
in Lakewood Ranch.
In Santa Clarita, crime rates in gated neighborhoods
are not appreciably less than in those without gates, Los Angeles County Sheriff's Department officials said.