How much is your Vancouver home worth? How walkable is your neighborhood?
From my segment on Radio Real Estate on Talk 1410
Neighbourhood features such as schools, parks and shopping aren't only more convenient for their owners, Homes located within walking distance of these are often worth more than homes in neighborhoods where one needs to rely on a car, according to a report commisioned by CEOs for Cities.
The study examined just under 100 000 real estate transactions in 15 different US markets and found in 13 of those markets the more 'walkable' the location of the home, the more the homes were worth.
As a society we are slowly moving towards recognizing the financial and health costs of being car dependent never mind lost quality time with family & friends or just doing the things you'd rather be doing versus sitting in your car...
If this trend continues it would stand to reason that homes with high walk ability will continue out perform homes that are car dependent.
How do you know how walkable a particular home is? Head to Walkscore.com and input the address and it will create a score along with listings of nearby business, schools, recreation etc.
“Techno-Talk is brought to you by ….Sutton Group-West Coast Realty…The Right Place…For All The Right Reasons”…This is Kye Grace For Radio Real Estate