Check out your local market and compare the price of housing where a Whole Foods or Trader Joe’s exist. In a 2014 real estate review, homes that were within a mile of these grocery stores were usually worth twice as much as the median price of homes in the country. An article by Real Estate Advisor, a publication of Long and Foster emphasizes that grocery stores have become sought after amenities just like coffee shops, restaurants and public transportation. It’s about how people want to live…convenience, walkability, organic, community…what is now being called the “new urbanism”.
I know when I trek down 14th Street NW in DC heading in all directions are people with their re-usable Trader Joe’s bags. This area (Columbia Heights meshed with the U District) has added Streets Market, Yes Organic and if you walk just a little bit further Whole Foods. True to form homes here come at a premium price, even the small ones. Check out your local community and the location of the grocery stores. Not only will you find home prices higher, but if there is a Trader Joe’s or Whole Foods you can bet you will be paying a premium.
Read the article Grocery Stores Help Homes Appreciate Faster and be sure to factor this in your home buying and selling experience. Or give me a call at 202-823-9313 or send me an email at email@example.com. I am happy to provide a home valuation for you and look at comparative sales in the neighborhood so you can determine what your home is worth and why!
Blogger: Cheryl Shaw is a Realtor with Long and Foster Real Estate licensed in Metro DC and Maryland and the braintrust of My Urban Nest focused on Buying, Selling and Investing in Urban Life
Image Credits:Jacob Lawrence (1917-2000)
signed and dated ‘Jacob Lawrence 1994’ (lower right)―inscribed with title (on the reverse)
gouache and pencil on paper