You’d think there would be more that goes into making a good investment, but who knows any more?
Certain grocery stores may help lift nearby home values, particularly if those stores happen to be Trader Joe’s, Whole Foods, or Aldi, suggests a new analysis from ATTOM Data Solutions, a real estate data firm.
Home sellers who live near a Trader Joe’s earned 51% more at resale than the average seller, according to the study. Homes near a Whole Foods or an Aldi sold for 41% and 34% more, respectively.
ATTOM researchers analyzed average home values and price appreciation from 2014 to 2019, as well as current average home equity, home seller profits, and home flipping rates of more than 1,800 ZIP codes nationwide with at least one of each grocery store.
Read full article here:
https://magazine.realtor/daily-news/2019/08/05/study-it-pays-to-live-near-specialty-grocery-stores
These specialty food retailers spend lots of money on demographic research.
So, just follow their logic and save yourself a ton of money, especially since they already spent it, and just buy a house near one of these retailers!
Cha Ching! Watch the home equity build up! While also shopping at these stores! 🙂
By the way, we love our home in Escondido! We have Trader Joe’s, Jimbo’s (local version of Whole Foods), Sprouts (another Whole Foods like market) and Aldi!
Agree – it’s the reverse. Trader Joe’s makes a good decision and neighbors benefit.
“Certain grocery stores may help lift nearby home values”
IMHO causality goes the other way: high end food retailers benefit by opening in affluent neighborhoods.
A real chicken and egg thing. No doubt TJs does the homework but looking at the most recent CA and MA locations I don’t think they are investment buying advice because those locations have already experienced their asset appreciation.