Remember The Starbucks Effect When Buying A Home

Dated: 12/04/2017

Views: 426

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....

Image title

Christopher Winkler

JP & Associates REALTORS®

Ph: 972-836-9295 x 1610

Blog author image

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....

Want to Advertise on this Site?

Latest Blog Posts

DFW Market Is Shifting

http://www.brittanydueyrealtor.comDON'T PANIC! This is GREAT NEWS! The #realestate market is shifting, finding a healthy balance. The time is NOW! Finally there is inventory

Read More

2 Ways To Get The Most Money From The Sale Of Your Home

 Real Estate with  JOHN PRIESTASH HOME LANGUAGE  FREE BUYING/SELLING GUIDES  2 Ways to Get the Most Money from

Read More

Teeing It Up Around Keller

Yes, I'm a woman who loves to golf and today I want to introduce you to some of my favorite day courses.  If you are new to the area and like to golf, go check out these courses and let me know

Read More

Improving Your Home With Insulation

When it comes to home ownership, there are few aspects of the building you live in more important than energy efficiency. In today's modern world, where almost every bit of our lives is wrapped up

Read More