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Abstract

The average cost of single family resale housing displays geographic variation at many scales. Regional variations in the cost of housing are used in the compilation of cost-of-living indices, (Follain and Malpezzi, 1980) and have been well documented (inter alia Butler, 1980; Ozanne and Thibodeau, 1983; Blackley et aI, 1986). Geographic patterns of housing values within a metropolitan area are not as sensitive to the conditions affecting the national market, but are the result of a series of local influences (Bednarz and Wilson, 1982). It is the purpose of this paper to identify the nature of local variations in the price of housing within a metropolitan area. Data are taken from two suburbs of Phoenix, Arizona, and the study area has been divided up into seven identifiable submarkets. A variety of housing characteristics, neighborhood characteristics and different levels of public service provision are combined to produce a distinct spatial pattern of housing values within a relatively confined geographical area.

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