Did you know that homes near a Trader Joe’s grocery store sell for more money? That was the conclusion of a study by ATTOM Data Solutions.
An article on Realtor.com states, “Home sellers who live near a Trader Joe’s earned 51% more at resale than the average seller, according to the study. Homes near a Whole Foods or an Aldi sold for 41% and 34% more, respectively.”
Now those numbers sound astounding. They sound unbelievable, and I don’t know… I might question that research, and I would want to search it out for myself, just to be sure.
But you know, what’s the three most important things regarding real estate? Do you remember? It’s location, location, location.
I’m so fortunate to be practicing real estate here in Cedar Park, Texas. We have so much going on…Indigo Ridge is a new domain like mixed use area that’s under construction even now. And, that’s going to be a real boom to our local economy and also to real estate values.
We’ve got a lot of new construction going on surrounding the Cedar Park area. There is just so much happening here in Austin. We’ve got employers like Apple and Google that just keep expanding in this area, and we have tremendous buyer demand because of that.
That buyer demand has created a strong seller’s market. There’s more buyers in the market than there are sellers, so that drives home prices up. The bad news for buyers is affordability begins to become more of an issue. But the good news for buyers is that interest rates are still historically low. Buyers are getting mortgages for under 4% out there and all this is great news for anyone that’s thinking about selling their home. Because if you live in the Austin area, if you live in Cedar Park around Rock or Georgetown or Lakeway or Leander, your home has never been worth more than it is today.
So if you’re thinking about selling your home, if you’re thinking about buying a home, who you gonna call? …Dan Forbes, Forbes Property Group RE/MAX 1. Thanks
