Housing market study - Jamaica Plain (1952-55) - (1962-65)

0.8 MB·English

by  Boland, J

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i;/ J. Bolaad mid H. Cady - ^atj<iarch Ualt
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Part I •
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By J. B-Maiid and Iv. C-iy - r:c:>i=arch Ualt
BOSTON
PUBLIC
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A. Inbroductlon
'j:]'dc utuOy Kcar^iirerj chc;/:je in tho Jrir.iico. P.l^.in Eouoiiis liirket over tlie
pact decade. The jno'c'iod adxipted vas to divide the community into fifteen oreaB
ciid to gather data on real cotatc traiicactiona for t^-'O tin-o periodisj the first
frora 1953 to 1955; tlio second from 19G2 to 1C55. I'lie onalyaic in this ctucly <^-:c'^
involves coinrsai'iGonG of vcilu.cG and ixjlicies beti.'con the tiro periods and svlso
'.rithin tlis C03iiiu.ait7 duxinrj the Koct recent period on a total an volJ. r,0 area
"by area tasis.
The findin^T, of the etudy are presented in the follo'.rin,:; section. Support-
ing Data and Analycis are contained in Section C. Pert I of Section C io an
ancilycie of Snlcs r.ita; Part II is an analysis of Eanldng poli-Cios aivl ixoactices.
B Findings:
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1. Prox>erty values have risen in Ja::iciica PL^-n "bet%reen IGo'i and lOG'l. It is
ctitim-ated tlir.t proi)erty values have appx'eciated al'Out lO/j aftei' acguotrionts teve
been r.ade for incvcarjoo in the genei-al price level (i.e. price inrLTtlon).
2. Hot all ai'cas of JaK:aica Plan experienced property appreciation. In
general, areas in the western half of the G.II.R.P. h^d rises in valiie ifhJ.le areas
iii the eastern h.alf e::;?erieneed i^roperty value d-eclines. {I'-xp Til)
3. There io evidence that propsi'ty value docJ.ine is Bpreadinj to'.rard tho
hlsh value areao a^on^ the ^;estern boundary of the G.N.R.P.
4. Attenipto to measure neishborhood instability by relatiioii population
o
change and calcG activity vcrce inccncluGivo, Tlicrc vac hcjevcr r,oriS cli^sl^t in-
dication that relative chan^ie in pop-alation and relative eliiuiGc in value per
D.U. vore related positively (i.e. relative incrcancG in p-opnlation vcre ggso-
ciatcd vith rolati-.c increaces in value per D.U. by eub ai-cac).
G. Tv.'o fanily pjid tliree-four faaily unit otrtietures Iiave wore iniforra

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vi;lucs throvutUou-i the G»!].R<>P» than oae ir:i5iiJ.y v.';iits.
7. With Svso civcexftioiij, t!i^ tlirec-i!'ouy iv.:.;liy vuiit hao c. Ligii vniv^e, as
doc;:: the tv/o fraraly Cvructtire.
8. /O.thov^^s 1.1.-litic iaforr-atioa vas av.:-41/jluc on tT,)lti~iiait;:-j avriiX'iaie
lUita si;!£i3e3ts tk?,i; -wttS-iriad for this ty.i.;e of et5.'';icti.u*& viil iaQi'err.r,e vitUiA corta^Ji
isi'cac of the C«:?.Z;tP. (olc.rj^ the- vest&i=ii tal so;^^^^! bcjuadaric-c;).
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S. The tva'SDVc-r rcte as measured "by c-<;?:.irt!:;r,lf'<i; the jverec-at o'^ eulcis l:y
etruet;jr'S r-lze rit!i t'is> pereoafc of Etruefcuros %:/ &ach else in the hs^^liis stock
their ia-fccrei^t xu t)^ G.!r,R.P» ihere are, kj'i/svcr, areas in \-hl^. flniincirj^ ia
tiiconing difficult to ostein.
11. Co,>pcr/;tlvo 2k?^u have contln lei to cs tiifi Ks^cr ca\-roc ci ^x\r!;zs.ls
r^iiius \?itbia tho ccssKusity*
tiis e.i'cz.7. vxvh klijH ::i;3:'t^;^e to eales priec: ratJ;^^.
f::x;euXntica proi:;:ii.a;f icci:rrcu iii l«d,j oi" the t^tal caXes diirin^ ^^-- J.K=:^;"iSG5
Iv.. Vlhiio il-o i::US3 data ryrovJ.uo no iixrori::.'-:loa ca noei-^rhivc ia-c^^l^jxatloa
o
Cltilc-jlt^r 'iiTCCikXnZ t'::o color line t}iriy^ho;.i:l- ::;.?;-fe of the area.