The Impact of Wind Power Projects on Residential Property Values ...

Taken together, these results suggest that sales volumes are not conclusively affected by the
announcement and presence <strong>of</strong> the wind facilities analyzed in this report. At least among this
sample, sales volumes increased in all distance bands after the announcement and construction <strong>of</strong>
the wind facilities. If this result was driven by the presence <strong>of</strong> the wind facilities, however, one
would expect that such impacts would be particularly severe for those homes in close proximity
to wind facilities. In other words, sales volumes would be the most affected inside <strong>of</strong> one mile,
where views <strong>of</strong> the turbines are more frequent and where other potential nuisances are more
noticeable than in areas farther away. This is not borne out in the data - no statistically
significant differences are found for sales volumes inside <strong>of</strong> one mile as compared to those
between one and three miles, and sales volumes outside <strong>of</strong> three miles are higher still. <strong>The</strong>refore,
on the whole, this analysis is unable to find persuasive evidence that wind facilities have a
widespread and identifiable impact on overall residential sales volumes. It is again concluded
that neither Area nor Nuisance Stigma are in evidence in this analysis.
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