Especially applicable to Los Angeles, a recent study conducted by "CEOs for Cities", found that neighborhoods with the most walkable areas, with shopping, restaurants, entertainment, command higher prices.
This can be broken down to a range of between $4,000 to $34,000 over houses with just an average attraction level and the scale was measured from 0 to 100 - car dependent to most walkable.
Amazingly, the study did not include Los Angeles which would have been interesting to see.
The full report can be found at Walking the Walk.
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I read today in our Realtor Magazine about a new website, SmartZip.com that even projected future appreciation and cash flow. These online tools can be wonderful assets for real estate agents and consumers alike.
They certainly can, Vickie. I will look that site up.
Thanks.