How Starbucks and Trader Joe’s Are Drawing in Homebuyers
Worried that you’ll need to plant some color out front this spring to boost the allure of your listing? Your time might be better spent telling prospective buyers the home’s less than one minute from Starbucks.
According to Zillow, their analysis of home value data and Starbucks locations confirms that buying (or selling) a home near a Starbucks has benefits beyond easy access to your smoked butterscotch latte.
Between 1997 and 2014, homes within a quarter mile of a Starbucks increased in value by 96 percent, on average, compared with 65 percent for all U.S. homes, based on a comparison of Zillow Home Value Index data with a database of Starbucks locations, says Zillow.