Table 2

Panel Results: Full Models for Connecticut

Sample^a	CTCG1 OLS	CTCG1 Matched	CTCG2 OLS	CTCG2 Matched	CTCG3 OLS	CTCG3 Matched
Outcome	Ln(price)
Flood zone (SFHA)	−0.0142	−0.0158	−0.0208	−0.0382^***	0.00925	−0.00439
	(0.0152)	(0.0100)	(0.0137)	(0.00907)	(0.0196)	(0.0200)
Ln (ocean view area)	0.00184	−0.000198	0.000500	0.00431	0.00615^*	0.00996^***
	(0.00279)	(0.00194)	(0.00268)	(0.00350)	(0.00261)	(0.00264)
Ln (ocean view angle)	0.0241	0.0462^*	0.0336^***	0.0297^**	0.0233⁺	0.0118
	(0.0228)	(0.0208)	(0.00813)	(0.00885)	(0.0132)	(0.0121)
Ocean viewshed slice no.	−0.00947^*	−0.00841	−0.00623^**	−0.00500^*	0.00151	0.000228
	(0.00441)	(0.00600)	(0.00189)	(0.00200)	(0.00365)	(0.00393)
Ln (ocean view distance)	−0.0437^***	−0.0383^**	−0.0222^*	−0.0153	0.00195	0.0119
	(0.0110)	(0.0130)	(0.0108)	(0.00920)	(0.0128)	(0.0130)
Coast front	0.136+	0.120	0.454^***	0.427^***	0.459^***	0.432^***
	(0.0740)	(0.0839)	(0.0436)	(0.0321)	(0.0345)	(0.0414)
River front	0.124^*	0.118^*	0.310^***	0.233^**	0.302^***	0.293^***
	(0.0525)	(0.0479)	(0.0449)	(0.0694)	(0.0373)	(0.0438)
Waterfront across street	0.191^**	0.170^*	0.282^***	0.240^***	0.254^***	0.250^***
	(0.0679)	(0.0653)	(0.0328)	(0.0419)	(0.0427)	(0.0532)
Ln (distance to coastline)	−0.0946^***	−0.107^***	−0.0222^*	−0.00586	−0.0582^***	−0.0660^**
	(0.0202)	(0.0258)	(0.0100)	(0.0140)	(0.0161)	(0.0211)
Month fixed effects	Yes	Yes	Yes	Yes	Yes	Yes
Year-quarter fixed effects	Yes	Yes	Yes	Yes	Yes	Yes
Census tract by year	Yes	Yes	Yes	Yes	Yes	Yes
R-squared	0.902	0.901	0.813	0.849	0.775	0.789
Observations in SFHA	4,867	4,867	3,024	3,024	2,394	2,394
Observations outside SFHA	37,447	3,041	29,226	2,262	16,648	1,553
Observations	42,314	7,908	32,250	5,286	19,042	3,947

Note: Standard errors are in parentheses. Robust standard errors clustered by census tract are reported. CTCG = county groups; SFHA = special flood hazard area.

↵a The matching process for “matched” required exact match on transaction year. In addition, this one-on-one-with-replacement matching requires exact matching on coastal proximity bands, neighborhood category, and mortgage status.
↵+ p < 0.1;
↵* p < 0.05;
↵** p < 0.01;
↵*** p < 0.001.