Table 2

Variables and Summary Statistics

VariableDescriptionMeanStd. Dev.Min.Max.
PriceProperty sale price in unadjusted U.S. dollars424,036284,92450,0004,724,509
Flood
  SFHA1 if building is in the Special Flood Hazard Area, 0 otherwise0.040.1901
  Postflood1 if sale occurred after the 2013 flood, 0 otherwise0.470.5001
  Inundated1 if building is located inside the inundation boundary, 0 otherwise0.030.1701
  500yrFP1 if building is in the 500-year floodplain, 0 otherwise0.070.2501
Location
  Stream0to600ft1 if building is within 600 feet of a stream, 0 otherwise0.090.2801
  Stream601to1800ft1 if building is between 601 and 1,800 feet of a stream, 0 otherwise0.240.4301
  Stream1801to5000ft1 if building is between 1,801 and 5,000 feet of a stream, 0 otherwise0.200.4001
  Stream5001to8000ft 1 if building is between 5,001 and 8,000 feet of a stream, 0 otherwise0.140.3501
  Dist2LakeParcel distance to lakes and reservoirs in feet     738      47702,474
  Dist2OpenSpaceParcel distance to open space areas in feet     998      85513,840
  Dist2TrailheadBuilding distance to closest trailhead in feet10,135   5,55137829,948
  Dist2Road Building distance to main road in feet     756      553413,307
  ElevationElevation of parcel centroid in feet  4,944      7534,50010,260
Structure
  AgeAge of building in years       37        241151
  SqftFinished square footage of the building  1,884      89132411,657
  LotsizeLot size in acres0.171.820.0169
  CarStorage1 if property has car storage, 0 otherwise0.930.2501
  FinishedBasement1 if building has a finished basement, 0 otherwise0.600.4901
  NumberBedroomsThe number of bedrooms a building has     4       1012
  NumberFullBathsThe number of full baths a building has     2       0.8407
  Number3qtrBathsThe number of 3/4 baths a building has     1       0.7209
  VeryGoodQuality1 if building is listed as very good quality or above, 0 otherwise     0.11       0.3101
  • Note: For the analysis, Price, Dist2Stream, Dist2OpenSpace, Dist2Road, Sqft, and Lotsize were transformed with natural logs. Age was transformed by squaring the variable.