The Effect of the BP Oil Spill on Volume and Selling Prices of Oceanfront Condominiums

Daniel T. Winkler and Bruce L. Gordon

Land Economics, 2013, vol. 89, issue 4

Abstract: This study examines the impact of the British Petroleum oil spill on the volume of sales and prices of condominiums located in several cities along the Gulf Coast of Alabama. The findings show a 50% decline in sales volume from July through December 2010. Based on the contract date, a 7.0% decline in condominium selling prices occurred about six weeks after the oil spill. The decline is 8.8% from August to the capping of the well on September 19, with no statistically significant price decline thereafter.

JEL-codes: R11 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/89/4/614
A subscription is required to access pdf files. Pay per article is available.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:89:y:2013:iv:1:p:614-631

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().