My Blog

Measurable impact on local housing markets

1/28/2016

It's funny how trends like popular stores can a have measurable impact on local housing markets.  Right now, it's beneficial to live next to a Trader Joe's or a Whole Foods!   

To get an idea of your home's value with an instant property report CLICK HERE. 

 

Article Courtesy of Business Insider

Being within a mile of Whole Foods or Trader Joe's will make your house more valuable

 

  • Jan. 25, 2016, 9:19 AM

 

Joe Raedle/Getty ImagesShoppers lineup as they wait for the grand opening of a Trader Joe's on October 18, 2013 in Pinecrest, Florida.

A lot of factors can impact the value of a home.

Schools, parks, and even public transportation can all impact a neighborhood's average house price.

And according to analysis by Zillow, an online real estate marketplace, one of the increasingly important factors is the presence of a high-end grocery store.

"Zillow found that homes grow more rapidly in value if they are closer to a Trader Joe's or Whole Foods," the company said in a release.

"Between 1997 and 2014, homes near the two grocery chains were consistently worth more than the median U.S. home. By the end of 2014, homes within a mile of either store were worth more than twice as much as the median home in the rest of the country."

The analysis is included in the new edition of Zillow CEO Spencer Rascoff and Zillow Group Chief Economist Stan Humphries' book Zillow Talk. In the release, Humphries offered an explanation for the phenomenon.

"Like a self-fulfilling prophecy, the stores may actually drive home prices," Humphries said. "Even if they open in neighborhoods where home prices have lagged those in the wider city, they start to outperform the city overall once the stores arrive."

For example, the analysis found that 2 years after a new Trader Joe's opened home values within one mile went up by 10 percentage points more than homes in the rest of the city.

"It says something about the way people want to live – in the type of neighborhood favored by the generations buying homes now," Rascoff said.

"Today's homebuyers seek things in neighborhoods that weren't even in real estate agents' vocabularies a generation ago: walkability, community, new urbanism – and maybe we should add words like sustainable seafood and organic pears."

Foreclosure Inventory Hits Lowest Mark in Years!

8/14/2015

With homes in foreclosure hitting their lowest mark in 7 years, the confidence in home-ownership should be even more evident.  These stats also mean that a "low-ball offer" doesn't hold nearly as much weight.  We continue to need  inventory in Kansas City so please tell your friends and family that  NOW is the time to consider moving up, moving down, or just moving!

Get an instant home value report HERE.

 

Inventory Needed!

7/23/2015

Kansas is in the quickest selling category whereas Missouri is in the slowest selling category...in both cases we are still looking at well under a three month average to sell your home!  Demand is going to stay high so we need inventory TODAY.

Get an immediate home value report emailed to you HERE or contact us directly for a custom look at your home.

 

 

DYI

7/14/2015

26 Inexpensive DIY Upgrades That Will Add A Touch Of Class To Your Home

 

By Lighter Side Staff  |  Read More

 

Want to give your home a classier, more expensive look that won’t require breaking the bank? Here are 26 great ideas for your inspiration. Take a look!

1. Drab vinyl got ya down? A little paint will spruce it right up.

Via designertrapped.com

2. Closet doors don’t just have to hide your disaster zones. Placing some framed mirrors on them can add more purpose, and help the room feel spacier.

Via kevinandamanda.com

CLICK FOR THE OTHER 24 STEPS

Adversity

2/13/2014

No matter what sort of adversity or challenge you might face, you can always believe that, with hope, it can be conquered and, in the end, you will be stronger for it.

Thoughts of The Day

1/27/2014
  • You need to be aware of what others are doing, applaud their efforts, acknowledge their successes, and encourage them in their pursuits. When we all help one another, everybody wins. 
  • My riches consist not in the extent of my possessions, but in the fewness of my wants.
  • We plant seeds that will flower as results in our lives, so best to remove the weeds of anger, avarice, envy and doubt, that peace and abundance may manifest for all.
  • Creativity doesn't wait for that perfect moment. It fashions its own perfect moments out of ordinary ones.
  • Great spirits have always encountered violent opposition from mediocre minds.

 

A Twist on Your Typical Family Vacation

1/27/2014

A Twist on Your Typical Family Vacation:

Each year, your family might hit the slopes, head for the beach or pack up for a camping trip, but if your family vacations have lost some of their allure and you’re looking for something new, consider these vacations.

Multi-generation vacation-Vacations where the extended family travels together are becoming a growing trend. Some travel agencies specialize in arranging such exciting vacations as deep-sea fishing in the Caribbean or guided- tours through Europe that are suitable for multiple generations. Lessons you and your children will learn while traveling abroad or taking a history themed trip around our country will outweigh anything that can be read in a book.

Volunteer Vacation– If you’re searching for a more meaningful way to spend your time together, consider a volunteer vacation.

Imagine your family participating in an archeological dig or helping-hand mission. Not only will you be aiding a good cause, but the trip also my be tax-deductible if you book it through a non-profit organization. Whatever you decide to do on your next vacation, it should be a group decision. Allow each family member to vote :)

Take an adventure; celebrate togetherness!

 

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Scottie Broderick
Business: 913-312-3620
Business Fax: 913-652-5620
RE/MAX State Line
11251 Nall Ave
Leawood, KS 66211
Office: 913-649-3100

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