Walkable Neighborhood On The Rise

By
Real Estate Agent with Keller Williams Capital Partners Realty 277320

Homes located in walkable neighborhoods may be more valuable that homes located in car-dependent areas.  Higher levels of walkability, determined by its walk score, may be increasing the value of the home.  The higher the walk score, the higher the home value.  The location of restaurants, schools, libraries, banks and retail shops are some of the amenities which help determine the homes walk score.  It is possible that a one-point increase in a walk score could increase the sale value of a home from $700 up to $3000, depending on the market.

 

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Rainmaker
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Sam Miller
RE/MAX Stars Realty - Howard, OH
Knox County Ohio

Joe - Have you done much with Walk Score yet?  I have played with it but haven't found a very practical use for the data on my listing pages.  I like what it does but I haven't been able to translate the score in a way that seems to interest or excite our buyer clients.  If you got a tip I would love to hear it.

 

Nov 22, 2009 08:41 PM #1
Rainmaker
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Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Sam

We add this as a link to our listings, but really have not fiqured out it is a hit for the buyers or not!

Nov 23, 2009 05:25 AM #2
Rainmaker
1,432,500
Sam Miller
RE/MAX Stars Realty - Howard, OH
Knox County Ohio

I tested it briefly and I like the concept.  The iPhone application is super slick and and I think if there was a better explanation of the score relating to amenities of Walk Score I think the product would be a bigger hit.

Nov 29, 2009 11:38 AM #3
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Rainmaker
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Joe Jackson

Clintonville and Central Ohio Real Estate Expert
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