Remember The Starbucks Effect When Buying A Home

Dated: 12/04/2017

Views: 424

I read recently that the CEO of, Spencer Rascoff collected some interesting statistics from the sites database of 110 million homes and the first one is my favorite.

The Starbucks effect:

Take two identical homes sold in 1997. One near Starbucks would have sold for an average of $137,000, while the same home without a Starbucks would have sold for $102,000. Fast-forward 15 years: the average US home appreciated 65 percent to $168,000, but the property next to Starbucks skyrockets 96 percent to $269,000.

There you go, make sure your new home is close to a Starbucks so it will appreciate hopefully as much as these homes have since 1997....

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Christopher Winkler

JP & Associates REALTORS®

Ph: 972-836-9295 x 1610

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Christopher Winkler

I started in real estate in 2013 through the back door of learning to buy/sell mortgages & notes. This led to learning the mechanics of foreclosures, rehabbing properties, dealing with contractors, ge....

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