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New Study Finds Wind Turbines Do Not Reduce MA Property Values

Relationship between Wind Turbines and Residential Property Values in Massachusetts

The Massachusetts Clean Energy Center commissioned this report to study whether home values were affected by proximity to wind turbines. An analysis of more than 122,000 Massachusetts home sales between 1998 and 2012 found no statistically-significant evidence that proximity to a wind turbine affects home values.

Methodology and Key Findings:

  • Study analyzed more than 122,000 Massachusetts homes sales between 1998 and 2012.
  • Home sales analyzed were within five miles of current or future locations of 41 wind turbines across the Commonwealth.
  • The study found that homes close to turbines sold as frequently as homes farther away.
  • The study also compared (see chart below) the relationship between wind turbines and residential home values to those of factors previously shown to affect home prices, including high-voltage transmission lines, landfills, highways, protected open space and proximity to beachfront.
http://www.masscec.com/content/relationship-between-wind-turbines-and-residential-property-values-ma...
mark cool January 10, 2014 at 02:35 AM
Real Convincing (NOT) Pg11 “any potential wind-related nuisance stigma would depend on the close proximity of residents to turbines and likely would have the most constrained spatial scale.” --- Check that box - Three properties in Craggy Ridge on the market for nearly 3 years... average percentage drop in listing price - 30%.  Maybe the sellers listed too high at the outset? But time on market, coupled with hefty price reductions without any marketability effect, definitely signals a stigmatized property.  All dependent on close proximity to the town's wind turbines and (like the report says) “the most constrained spatial scale.” Pg36 "Nuisances from turbine noise and shadow flicker might be especially relevant in urban settings where other negative features, such as landfills or high voltage utility lines, have been shown to reduce home prices." --- Check that box too - we've got 2 especial relevant nuisance findings already.
Bill Carson January 10, 2014 at 09:28 AM
Massachusetts Clean Energy Center In Bogus Attempt To Cover Massive Commercial Wind Turbine Siting Problems. The Massachusetts Clean Energy Center, Mass CEC was at one time known as the Massachusetts Technology Collaborative. MTC The MTC sold Falmouth through a second party the Falmouth Wind 1 Turbine http://mjoecool.wordpress.com/2014/01/09/state-wind-developers-try-real-estate-fail-again/
Bill Carson January 10, 2014 at 09:33 AM
The Mass CEC has changed the setbacks to commercial wind turbines to 2000 feet through their own admission they have said they used to site the turbines "Ad Hoc" and now suggest 2000 feet and may raise the setbacks in 2014. This is a state agency that produces studies that suit their needs on any one day . The Mass CEC aka the MTC has a long history of bogus studies. Look for what they leave out of the reports not what's in them .
Charles Ochs January 10, 2014 at 10:59 AM
Troll Alert !!
Bill Carson January 10, 2014 at 11:38 AM
Mass Clean Energy Center says wind turbines don't effect property values; Tell it to G. Bourne Knowles. Please share this video wit those who say property values aren't impacted. This guy lives one thousand feet from a commercial wind turbine in Fairhaven Massachusetts http://vimeo.com/user8792371/review/73989328/e96c5fdcb3
Charles Ochs January 10, 2014 at 12:35 PM
He should open up a bed and breakfast, and call it the "Turbine Inn". He will make a fortune!
Bill Carson January 10, 2014 at 03:12 PM
People starting to understand the Massachusetts Clean Energy Center Conflicts of interest, unethical actions, unqualified? Mass CEC costs funded by Massachusetts ratepayers? Mass CEC promotes wind turbines near neighbors? Will ratepayers allow the Mass CEC to continue making ratepayers complicit in harming people by using ratepayer payments?
Blowin Smoke January 10, 2014 at 05:06 PM
5/17/13 Falmouth Enterprise – “Patricia Favulli, acting assessor for the Town of Falmouth, has seen no evidence that home values have been affected. In the years following the installation of Wind 1 at the Falmouth Wastewater Treatment Facility, she said, homes have sold for close to or more than the assessed value. “There are no sales in that area that showed a significant reduction of value,” Ms. Favulli said.”
mark cool January 10, 2014 at 05:48 PM
Non-appraisers (i.e. authors of the MassCEC study , and Ms. Favulli for that matter) dismiss actual examples of value loss. These potential losses are what appraisers refer to as Comparable Sales and other market evidence. These type of marketing facts are completely ignored in the MassCEC study, which is a major failing of the academic approach to addressing this issue. Assessed Value data is not reliable for purposes of establishing value of a given property. Selling for close or for more than assessed value is meaningless. A more accurate appraisal is bore out by 'fair market' comparables. Sales in the area might not show a significant reduction of ASSESSED value... but tell that to the 3 property owners in Craggy Ridge having tried to sell for nearly 3 years...experiencing an average percentage drop in listing price of 30%. The Assessor’s Office is not likely being compelled to seriously address those local impacts from our turbines. Real estate marketing times are an important component in setting real market values, and when the asset loses 30% or more of its liquidity, that is indeed a significant value impact. A significant value impact an Assessor's Office is not directed to track, nor does the MassCEC study make any consideration.
Bill Carson January 10, 2014 at 09:34 PM
Also : the report compares only sales prices and makes no mention of properties still on the market or removed from the market because there's no chance of a sale.
Blowin Smoke January 11, 2014 at 06:08 AM
114 Ambleside Drive sold on July 25, 2013 for $423,400 or 7.5% higher than its assessed value of $394,300. That property is 1520 feet from Wind 2 and is one of the closest homes to the municipal turbines in Falmouth. (per Mr. Zweig's post 9/10/13)
mark cool January 11, 2014 at 01:15 PM
A percentage above or below property assessed value is a meaningless number without the context of 114 Ambleside Drive's ...days on market, market history (i.e. listed then unlisted etc), whether a sale price positive/negative was realized relative sales comparibles of other properties in the area... etc. Blowin's weak argument is unable to account or quantify "ALL" aspects of property valuation impact. This is the job conducted by a professional appraiser. It'll be very interesting to soon receive the review of this flawed study and it's methodologies by the Mass Board of Professional Appraisers.
mark cool January 12, 2014 at 01:07 AM
It's interesting that the study's researchers would conclude that “The results of this study do not support the claim that wind turbines affect nearby home prices.“ (second paragraph, page 36 - conclusion). Oddly after stating in the paragraph immediately preceding - “Nuisances from turbine noise and shadow flicker might be Especially Relevant in urban settings where other negative features, such as landfills or high voltage utility lines, have been shown to reduce home prices.” If some form of journalist investigation were conducted, the finding would be that 21 of the 41 Massachusetts municipalities hosting wind turbines have official nuisance complaints submitted by turbine neighbors. Two appeals recently reviewed by local regulatory authority have been upheld, and the trend for relief is growing (evidenced by a state superior court injunction order restricting turbine operation due to nuisance). A growing number of aggrieved Commonwealth Citizens (not just in Falmouth) are queuing-up to have their appeals heard. Of course, this nuisance stigma is outside the scope of this particular research. Though the researchers do admit, if nuisance exists, it would implicate the study's conclusion. It seems the 'devil in the details' will ultimately shed better light on this subject, likely making the study --- 'a horse of a different color.'
Bill Carson January 12, 2014 at 09:23 AM
The Massachusetts Clean Energy Center also previously known as the Massachusetts Technology Collaborative has a long history of producing reports with contradictions and missing information or just using initials in reports to hide information. The most famous hiding of information in 2005 was the embarrassing Fatal Flaws Analysis for a Wind Turbine done for Mattapoisett, Marion & Rochester. The report was so bad they gave up trying to place a wind turbine near 300 homes in an area just like Falmouth. The report asked in it are there any IBA areas. Next to the box that said IBA there was the word NO. There was no explanation of what IBA meant in the report. After researching what the capitol letters IBA actually meant, Important Bird Area people started to look deeper into the report. The location of the proposed wind turbine in Mattapoisett had an island in Buzzards Bay 1/2 mile offshore that was the chief nesting area of the Roseate Terns in North America. When confronted at a public the director of the Massachusetts Technology Collaborative said that they paid engineering students at the University of Massachusetts to build the report and it was not there fault. The wind turbine project was dropped several days later. Falmouth is only finding out now how the semi quasi state agency prepares reports

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