{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/29767"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/29767","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"A comparative study of condominium and single family house price appreciation in the Salt Lake Valley","abstract":"This study examines whether the form of ownership affects the appreciation rate of housing units. The specific test conducted is whether condominiums and single family homes in the Salt Lake Valley have appreciated at the same rate over the past six and a half years. To test this hypothesis, a sample of 10,134 condominium and 48,913 house transactions was analyzed. The sales were grouped into eight geographic analysis areas. Hedonic models were used to quantify the contributory effect on value of the time of sale, age of the unit, and other significant housing characteristics. The price indices created by the hedonic models for each housing type are then compared within geographic areas and across the valley. The paper shows that condominium price appreciation is significantly below the appreciation of single family houses in seven of the eight areas examined, which represents 80% of the sample. Valley wide regressions were then conducted utilizing geographic dummy variables for the individual analysis areas. These models indicate a strong premium for units of both housing types located in the downtown area.","abstract_html":"This study examines whether the form of ownership affects the appreciation rate of housing units. The specific test conducted is whether condominiums and single family homes in the Salt Lake Valley have appreciated at the same rate over the past six and a half years. To test this hypothesis, a sample of 10,134 condominium and 48,913 house transactions was analyzed. The sales were grouped into eight geographic analysis areas. Hedonic models were used to quantify the contributory effect on value of the time of sale, age of the unit, and other significant housing characteristics. The price indices created by the hedonic models for each housing type are then compared within geographic areas and across the valley. The paper shows that condominium price appreciation is significantly below the appreciation of single family houses in seven of the eight areas examined, which represents 80% of the sample. Valley wide regressions were then conducted utilizing geographic dummy variables for the individual analysis areas. These models indicate a strong premium for units of both housing types located in the downtown area.","abstract_has_math":false,"creators":["Billings, John D. (John David), 1971-"],"institution":"Massachusetts Institute of Technology","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":"Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.","school":null,"contributors":[],"advisors":["Henry O. Pollakowski."],"committee_chairs":[],"committee_members":[],"year":2003,"date_issued":"2003","date_published":"2003","updated_at":"2026-07-22T22:22:24Z","subjects":["Urban Studies and Planning."],"languages":["eng"],"rights":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."],"rights_urls":["http://dspace.mit.edu/handle/1721.1/7582"],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/1721.1/29767","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Henry O. Pollakowski."]},{"key":"dc:contributor.department","label":"Department","values":["Massachusetts Institute of Technology. Dept. of Urban Studies and Planning."]},{"key":"dc:contributor.other","label":"Dc Contributor Other","values":["Massachusetts Institute of Technology. Dept. of Urban Studies and Planning."]},{"key":"dc:creator","label":"Author","values":["Billings, John D. (John David), 1971-"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2006-03-24T16:23:37Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2006-03-24T16:23:37Z"]},{"key":"dc:date.issued","label":"Date","values":["2003"]},{"key":"dc:publisher","label":"Institution","values":["Massachusetts Institute of Technology"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Urban Studies and Planning."]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["eng"]},{"key":"dc:rights","label":"Dc Rights","values":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."]},{"key":"dc:rights.uri","label":"Rights URI","values":["http://dspace.mit.edu/handle/1721.1/7582"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/1721.1/29767"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2003.","Includes bibliographical references (leaf 60)."]},{"key":"dc:description.abstract","label":"Abstract","values":["This study examines whether the form of ownership affects the appreciation rate of housing units. The specific test conducted is whether condominiums and single family homes in the Salt Lake Valley have appreciated at the same rate over the past six and a half years. To test this hypothesis, a sample of 10,134 condominium and 48,913 house transactions was analyzed. The sales were grouped into eight geographic analysis areas. Hedonic models were used to quantify the contributory effect on value of the time of sale, age of the unit, and other significant housing characteristics. The price indices created by the hedonic models for each housing type are then compared within geographic areas and across the valley. The paper shows that condominium price appreciation is significantly below the appreciation of single family houses in seven of the eight areas examined, which represents 80% of the sample. Valley wide regressions were then conducted utilizing geographic dummy variables for the individual analysis areas. These models indicate a strong premium for units of both housing types located in the downtown area."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["S.M."]},{"key":"dc:format.mimetype","label":"Dc Format Mimetype","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["A comparative study of condominium and single family house price appreciation in the Salt Lake Valley"]}]}],"canonical_facts":{"dc:contributor.advisor":["Henry O. Pollakowski."],"dc:contributor.department":["Massachusetts Institute of Technology. Dept. of Urban Studies and Planning."],"dc:contributor.other":["Massachusetts Institute of Technology. Dept. of Urban Studies and Planning."],"dc:creator":["Billings, John D. (John David), 1971-"],"dc:date.accessioned":["2006-03-24T16:23:37Z"],"dc:date.available":["2006-03-24T16:23:37Z"],"dc:date.issued":["2003"],"dc:description":["Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2003.","Includes bibliographical references (leaf 60)."],"dc:description.abstract":["This study examines whether the form of ownership affects the appreciation rate of housing units. The specific test conducted is whether condominiums and single family homes in the Salt Lake Valley have appreciated at the same rate over the past six and a half years. To test this hypothesis, a sample of 10,134 condominium and 48,913 house transactions was analyzed. The sales were grouped into eight geographic analysis areas. Hedonic models were used to quantify the contributory effect on value of the time of sale, age of the unit, and other significant housing characteristics. The price indices created by the hedonic models for each housing type are then compared within geographic areas and across the valley. The paper shows that condominium price appreciation is significantly below the appreciation of single family houses in seven of the eight areas examined, which represents 80% of the sample. Valley wide regressions were then conducted utilizing geographic dummy variables for the individual analysis areas. These models indicate a strong premium for units of both housing types located in the downtown area."],"dc:description.degree":["S.M."],"dc:format.mimetype":["application/pdf"],"dc:identifier.uri":["http://hdl.handle.net/1721.1/29767"],"dc:language.iso":["eng"],"dc:publisher":["Massachusetts Institute of Technology"],"dc:rights":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."],"dc:rights.uri":["http://dspace.mit.edu/handle/1721.1/7582"],"dc:subject":["Urban Studies and Planning."],"dc:title":["A comparative study of condominium and single family house price appreciation in the Salt Lake Valley"],"dc:type":["Thesis"]},"updated_at":"2026-07-22T22:22:24Z"}