Using Geographic Information Systems to Improve Real Estate Analysis

Mauricio Rodriguez (), C.F. Sirmans () and Allen P. Marks
Additional contact information
C.F. Sirmans: Department of Finance University of Connecticut 368 Fairfield Road Storrs, Connecticut 06269-2041, http://www.sba.uconn.edu/index.htm
Allen P. Marks: Spatial Decisions & Analysis 444 N. Frederick Ave., Suite L Box 323 Gaithersburg, Maryland 20877, http://www.unlv.edu/Colleges/Business/Finance/

Journal of Real Estate Research, 1995, vol. 10, issue 2, pages 163-174

Abstract: Geographic information systems (GIS) technology provides users with the ability to improve real estate analysis. First, we describe GIS in general and then discuss some GIS real estate applications. Next, we illustrate how GIS can be used to calculate a shortest-path algorithm that produces a location variable superior to the traditionally used straight-line distance variable. Our sample provides empirical evidence of a statistically significant relationship between residential sales prices and the additional information provided by the GIS-created variable.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1995
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