T69 Modern Geoscience: Hazard and Risk Analysis and Communication
Monday, 11 October 2021
8:00 AM - 12:00 PM
B111
RELATIONSHIP BETWEEN VOLCANIC HAZARD NOTICES AND NEIGHBORHOOD RESIDENTIAL PROPERTY VALUES IN WASHINGTON STATE
Paper number: T69-13
Program: Technical Sessions
Time: 11:05 AM – 11:20 AM
Authors
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Elizabeth DelmelleUniversity of North Carolina at Charlotte, Charlotte, NC
Abstract
activity prone regions, specifically the state of Washington, is an issue with little research behind
it. The United States Geological Survey’s (USGS) issued hazard notices may impact housing
values because the information is only communicated in times of danger, and therefore potential
homebuyers may be deterred from homes in proximity to volcanos out of fear. This in turn may
lead to houses staying on the market longer than intended. Therefore, it is essential for the
housing market sector to have a better understanding of the risks associated with the natural
hazards prone in their region, which is possible through consistent communication from natural
hazard mitigation agencies. The purpose of this capstone project is to understand the relationship
between volcanic hazard notices, issued by the U.S. Geological Survey for the High Cascade
volcanoes, and neighborhood-level residential property values through a quantitative analysis in
Washington State. The results of this study reveal that volcanic hazard notices do not have an
impact on residential property values. However, Euclidean proximity of residential properties to
the five Cascade volcanoes have a negative impact on the property values, and the demographic
factors included in the study have a positive impact.
Geological Society of America Abstracts with Programs. Vol. 53, No. 6
doi: 10.1130/abs/2021AM-371451
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