PRESENTED BY: SASHANK

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PRESENTED BY SASHANK

• ASSESSMENT OF IMPACT ON SALES
• (DUE TO RIPARIAN SETBACK REGULATION)

FINAL PROJECT PRESENTATION
Date May 11, 2006
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INTRODUCTION

• Riparian areas are naturally vegetated lands
  along rivers and streams. When appropriately
  sized, these areas can limit streambank erosion,
  reduce flood size flows, filter and settle out
  pollutants, and protect aquatic and terrestrial
  habitat. This portfolio of riparian services
  flows directly from maintaining the dynamic
  connection between rivers and their riparian
  corridors.
• These functions directly affect public health and
  safety, establishing the legal linkage for local
  governments to exercise their zoning authority.
• Setbacks are a zoning tool for local governments.
• Setbacks limit development and encroachment in
  riparian areas.

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OTHER BENEFITS

• Riparian Areas Limit Streambank Erosion
• Riparian Areas Reduce Flood Size Flows
• Riparian Areas Filter and Settle Out Pollutants
• Riparian Areas Protect Habitat

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CHAGRIN RIVER EXENT

• The Chagrin River and its tributaries flows
  through four counties and thirty-seven
  communities, detailed below

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OBJECTIVE AND GOAL

• Null Hypothesis There is no price difference
  between the prices in the sales of properties
  sold within the setback region and non setback
  region.
• GOALTo find out whether there is any price
  difference between the sales taking place before
  and after the setback regulation. ( Kirtland
  effective from July,2002)

The objectives include collecting sales data of
Kirtland region, Organize and Summarize the
respective data, Prepare appropriate maps, Assess
market differences in terms of numbers, prices,
differences, time trends.
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METHODOLOGY

• Data Collection Source - Center for Housing
  Research and Policy
• Mapping Map the Population, Housing and Income
  levels of the Lake County populous and prepare
  respective thematic maps
• Geocode the sale parcels and make a spatial GIS
  format
• Finally wind up the project by working with SPSS
  and GIS softwares, using the data from each of
  these,summarizing the data, performing cross
  tabulations with the variables to assess sale
  price and finally figuring out any significant
  price differences using sample t-tests.

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PROCEDURE
MAP - 1
MAP - 2
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STUDY AREA

• MAP - 3

MAP- 4
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GEOCODING (MAP 5)
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MAP - 6
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MAP - 7
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PRICE FACTOR

• To verify the sale price of setback and non
  setback locations
• It is analysed and found out that there is a
  significant difference and the setback locations
  are selling for more premium.

• The premium is anywhere between 320,000 Vs
  271,000
• In comparison with the potential interaction
  between Setback
• and streamfront sales it is found out that
  larger homes on larger
• properties are setback sales and smaller homes
  with smaller
• areas are streamfront sales.

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CONCLUSION

• Reject the Null Hypothesis stating that there is
  no price difference between the sales of the
  properties situated on the setback locations and
  non-setback locations.

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• THANK YOU FOR YOUR TIME.