Document Type

Thesis

Date of Degree Completion

Spring 2023

Degree Name

Master of Science (MS)

Department

Cultural and Environmental Resource Management

Committee Chair

Toni Sipic

Second Committee Member

Chad Wassell

Third Committee Member

Sterling Quinn

Abstract

Earthquakes are an environmental hazard that pose great risks to communities almost every day. With earthquakes, the main cause of concern is physical destruction of property, however, there are also psychological effects that are researched and discussed much less. In 2001, the Nisqually area of western Washington experienced a substantial earthquake that produced minimal physical damage but caused a significant decrease in real estate prices. Studying single-family homes from 1986-2012, this research utilizes hedonic property models to measure the change in consumer’s subjective risk calculations with reference to real estate purchases after the Nisqually earthquake, measure the relationship between earthquake intensity felt and real estate price, and measure how long price declines persisted after the event.

COinS