Geospatial Analysis for Real Estate Valuation Models

Geospatial Analysis for Real Estate Valuation Models

Susan Wachter (Wharton School, USA), Michelle M. Thompson (Lincoln Institute of Land Policy, USA) and Kevin C. Gillen (Wharton School, USA)
Copyright: © 2005 |Pages: 23
DOI: 10.4018/978-1-59140-399-9.ch013
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Abstract

This chapter provides an overview of a major contemporary issue in real estate valuation — the use of geographical data to improve valuation outcomes. The spatial nature of real estate data allow the development of specialized models that increase the likelihood for better predictions. This chapter examines how using spatial data, with geographical information systems (GIS), can improve the accuracy of real estate valuation models. Contemporary theory in economics, planning, housing, and appraisal influences the model application that underlies the new field of GIScience and the use of Automated Valuation Models (AVMs) in practice. Exploratory methods of model development are also considered in the presentation of a case study along with a discussion of the changing history, development and future of AVMs and GIS.

Complete Chapter List

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Dedication
James Pick
Table of Contents
Foreword
Jack Dangermond
Preface
James Pick
Acknowledgments
Chapter 1
Peter Keenan
This chapter looks at the concepts and theories underlying the application of GIS in business. It discusses the role of information technology in... Sample PDF
Concepts and Theories of GIS in Business
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Chapter 2
Esperanza Huerta, Celene Navarrete, Terry Ryan
This chapter synthesizes empirical research from multiple disciplines about the use of GIS for decision-making in business settings. Todd &... Sample PDF
GIS and Decision-Making in Business: A Literature Review
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Chapter 3
Richard P. Greene, John C. Stager
This chapter reviews some standard techniques and methods of geographic information systems for business applications. Characteristics of spatial... Sample PDF
Techniques and Methods of GIS for Business
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Chapter 4
James Pick
This chapter examines the costs and benefits of geographic information systems (GIS). It focuses on the research questions of what components to... Sample PDF
Costs and Benefits of GIS in Business
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Chapter 5
Julian Ray
This chapter identifies and discusses issues associated with integrating technologies for storing spatial data into business information technology... Sample PDF
Spatial Data Repositories: Design, Implementation and Management Issues
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Chapter 6
Maribel Yasmina Santos, Luís Alfredo Amaral
Knowledge discovery in databases is a process that aims at the discovery of associations within data sets. The analysis of geo-referenced data... Sample PDF
Mining Geo-Referenced Databases: A Way to Improve Decision-Making
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Chapter 7
Suprasith Jarupathirun, Fatemeh Zahedi
This chapter discusses the use of geographic information systems (GIS) for spatial decision support systems (SDSS). It argues that the increased... Sample PDF
GIS as Spatial Decision Support Systems
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Chapter 8
W. Lee Meeks, Subhasish Dasgupta
For several years GIS has been expanding beyond its niche of analyzing earth science data for earth science purposes. As GIS continues to migrate... Sample PDF
The Value of Using GIS and Geospatial Data to Support Organizational Decision Making
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Chapter 9
Gary Hackbarth, Brian Mennecke
The chapter presents several conceptual models, each of which can be used to improve our understanding of whether spatially enabled virtual business... Sample PDF
Strategic Positioning of Location Applications for Geo-Business
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Chapter 10
Brian N. Hilton, Thomas A. Horon, Bengisu Tulu
Geographic information systems (GIS) have numerous applications in human health. This chapter opens with a brief discussion of the three dimensions... Sample PDF
Geographic Information Systems in Heath Care Services
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Chapter 11
GIS in Marketing  (pages 236-259)
Nanda K. Viswanathan
This chapter examines the existing uses and potential uses of GIS in marketing. In examining the interaction of marketing and geography, the... Sample PDF
GIS in Marketing
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Chapter 12
Arthur W. Allaway, Lisa D. Murphy, David K. Berkowitz
This chapter demonstrates important insights gained by adding spatial capabilities to marketing analyses. Four steps are described to produce a... Sample PDF
The Geographical Edge: Spatial Analysis of Retail Loyalty Program Adoption
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Chapter 13
Susan Wachter, Michelle M. Thompson, Kevin C. Gillen
This chapter provides an overview of a major contemporary issue in real estate valuation — the use of geographical data to improve valuation... Sample PDF
Geospatial Analysis for Real Estate Valuation Models
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Chapter 14
Oliver Fritz, Petter Skerfving
This chapter presents a case study on the role of geographical information systems in power utility automation. It argues that geographical... Sample PDF
Monitoring and Analysis of Power Line Failures: An Example of the Role of GIS
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Chapter 15
GIS in Agriculture  (pages 324-342)
Anne Mims Adrian, Chris Dillard, Paul Mask
This chapter introduces the use of geographic information systems (GIS) and global positioning systems (GPS) in agricultural production. Precision... Sample PDF
GIS in Agriculture
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Chapter 16
Derrick J. Neufeld, Scott Griffith
This chapter presents a case study of Isobord1, a Canadian manufacturer of high quality particleboard that uses straw instead of wood as the main... Sample PDF
Isobord's Geographic Information System Solution
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Chapter 17
Joseph R. Francica
The development of mobile location technology, proliferation of web-based mapping applications, mandates by federal agencies, and lower cost of... Sample PDF
GIS and the Future in Business IT
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About the Authors