Remember The Starbucks Effect When Buying A Home

Dated: 12/04/2017

Views: 424

I read recently that the CEO of Zillow.com, 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®
christopherwinkler@jpar.net

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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