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.
"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
Topics
- The Top Urban Planning Books of the Decade
- Thinking About Infrastructure and Housing, Part 2
- 2019 Bicycle Friendly States Rankings Released
- Different Types of Pro-Development Urbanism, Explained
- Canadian Suburb Sets Sights on 'Mobility Orbit'
- How Can Cities Adapt to Rising Temperatures? Change the Weather
- Local Curbed Sites Shut Down in D.C., Seattle, New Orleans, Philadelphia
- Watch: The Effort to End Single-Family Zoning in Minneapolis, Explained
- Air Pollution, Visualized
- Pontiac, Comeback City
- Infrastructure Policy Reform, From the Ground Up
- E-ZPass Could Limit the Effectiveness of NYC's Congestion Charge
- Supreme Court to Decide on Homeless Public Sleeping
- Mapping Portland's 'Rose Lane Vision' Bus Priority Program
- New Train Station in North Bay Brings Commuters One Step Closer to S.F.
- Report: 'Racialized Displacement' Followed Rezonings in New York City
- Homebuilders Aren't Keeping Pace With Millennial Demand
- 'Gentle Density' to Save Neighborhoods
- In Defense of Pilot Projects
- The High Cost of Sprawl
