Reed's study on conservation developments picked up by Wall Street Journal
Editor's Note: The Robert and Patricia Switzer Foundation helped fund Sarah's early work on Conservation Development with the Wildlife Conservation Society through a Leadership Grant. You can also watch a short video about Sarah's work in our Switzer Network News series.
Call it the flora-and-fauna effect: Home buyers will pay a premium to live near open, undeveloped land. So much for good neighbors.
That's the conclusion of a Colorado State University study of home prices in conservation developments, where residential real estate is limited and a substantial amount of land, usually 50% to 70%, is set aside as open space. "That could mean wildlife habitats, agricultural lands, important cultural sites, open space for scenic vistas," says Sarah Reed, co-author of the study and associate conservation scientist with the Wildlife Conservation Society.
