Beach re-nourishment and property value growth : the case of Folly Beach, South Carolina

Author
Blackwell, Calvin
Sheldon, Susannah
Lansbury, David
South Carolina Sea Grant Consortium
Subject
Land value taxation--South Carolina--Folly Beach; Beach nourishment--South Carolina--Folly Beach--Economic aspects
Numerous studies using a variety of methods suggest that beach re-nourishment generates benefits to both recreational users and property owners. However, the only study to use a repeat sales index (Cordes, Gatlaff and Yezer, 2001) found no effect of re-nourishment on property values. We use a repeat sales index to investigate the effects of the Army Corps of Engineers' re-nourishment of Folly Beach, South Carolina. We find that this re-nourishment has maintained property values' rates of appreciation when compared with real estate values in a similar real estate market, the Isle of Palms, South Carolina.
URI
https://dc.statelibrary.sc.gov/handle/10827/51900
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Date
2011-02-11
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Date Accessioned2023-08-28T15:31:42Z
Date Available2023-08-28T15:31:42Z
Item Formatapplication/pdf
Media TypeDocument
Item LanguageEnglish
PublisherSouth Carolina State Library
Digital CollectionSouth Carolina State Documents Depository
RightsCopyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
TypeText
Digitization SpecificationsThis South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.