Parameter Estimates from Hedonic Model (Spatial Fixed Effects Not Reported)
| Name | Estimate | Std. Err. |
|---|---|---|
| Structure Characteristics | ||
| acres | 40,430.430 | 10,834.140 |
| acres2 | - 11,029.390 | 3,841.940 |
| age | 1,420.755 | 300.632 |
| age2 | - 16.802 | 3.913 |
| age3 | 0.058 | 0.015 |
| lnsfla | 32,349.800 | 4,151.542 |
| sfla_north | 42,255.190 | 7,838.943 |
| bedrooms | 888.062 | 1,318.784 |
| fullbaths | 25,372.620 | 4,215.817 |
| halfbaths | 8,442.286 | 1,770.806 |
| grade_ab | 79,282.820 | 7,059.981 |
| grade_de | - 1,721.785 | 2,956.267 |
| cape | - 11,908.470 | 2,038.309 |
| colonial | 12,717.820 | 4,362.526 |
| oldstyle | - 27,400.900 | 4,714.336 |
| fullbasement | 3,811.149 | 1,987.945 |
| fireplace | 4,945.593 | 1,937.971 |
| Proximity Variables | ||
| lncbd_n | - 14,456.870 | 17,976.600 |
| lndelpark_n | - 22,755.250 | 7,894.763 |
| lnpark_s | - 60.762 | 965.746 |
| lnrail | 1,011.703 | 1,087.050 |
| lnrail*north | 3,924.643 | 2,188.288 |
| lnstream | -481.133 | 1,119.001 |
| lnstream*north | 1,557.536 | 4,381.158 |
| lnairport | - 27,441.080 | 16,027.030 |
| lnairport*north | 1,116.851 | 22,653.190 |
| lnhws | 2,930.888 | 1,515.789 |
| lnhws*north | 5,945.979 | 4,190.341 |
| lnhwy | - 1,834.978 | 2,723.184 |
| lnhwy*north | - 17,407.230 | 6,551.445 |
| lnhwyx | 2,431.146 | 1,845.200 |
| lnhwyx*north | 2,422.578 | 3,290.075 |
| lnshore | - 7,793.521 | 8,131.073 |
| lnshore*north | 31,363.060 | 15,377.930 |
| Locations Dummy Variables | ||
| Buffalo_S | - 320,332.7 | 181,169.5 |
| Cheektowaga | - 191,718.9 | 158,952.4 |
| West Seneca | - 325,259.5 | 180,727.1 |
| Lackawanna | -311,339.0 | 180,149.0 |
| north | - 552,332.7 | 289,394.6 |
| AOC Variables | ||
| ln(AOC) | 6,487.237 | 2,756.893 |
| ln(AOC) ■ Ni | - 1,360.948 | 9,016.012 |