RT Journal Article SR Electronic T1 Spatial and Temporal Variation in the Housing Market Values of Lot Size and Open Space JF Land Economics JO Land Econ FD University of Wisconsin Press SP 51 OP 73 DO 10.3368/le.85.1.51 VO 85 IS 1 A1 Cho, Seong-Hoon A1 Clark, Christopher D. A1 Park, William M. A1 Kim, Seung Gyu YR 2009 UL http://le.uwpress.org/content/85/1/51.abstract AB This research analyzes spatial and temporal variation in the effects of lot size and proximity to open space on residential home values in a single Tennessee county. The findings show that the value of proximity to greenways, parks, and water bodies increased over time, while the value of lot size and proximity to golf courses fell. Proximity to open space is found to be a substitute for lot size, although the degree of substitutability has weakened over time. Geographic variation in the marginal effects of lot size and proximity to open space is analyzed using locally weighted regression analysis. (JEL C31, Q51)