Planetizen - Urban Planning News, Jobs, and Education

In L.A., With a Reputation Sprawl, Homes Near Transit Selling at a Premium

Homebuyers are looking for locations with quality transit access in Los Angeles, and they're willing to pay more for the option having transit nearby.
April 16, 2019, 12pm PDT | rbregoff
Share Tweet LinkedIn Email Comments
Union Station

"Access to public transit is the new granite countertop when it comes to home listings," writes Noah Buhayar.

"That’s the takeaway from a study by real estate data firm Trulia, which looked at the language used to describe homes on the market in Los Angeles from 2013 to 2018. Mentions of the city’s transit more than doubled over the period and for all but the most expensive quarter of homes, sellers got rewarded for it. On average, the premium was 4.2 percent."

Full Story:
Published on Friday, April 12, 2019 in Bloomberg
Share Tweet LinkedIn Email