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Proximity to rail equals higher property values?

What’s old is new again. Estately, one of the best real estate search sites out there puts forth this as fact –

When buying a home, living near rail lines is better.

I wrote about mass transit’s ability to increase property values in May of 2005, in which I linked to this story at RCG.* I wonder what the Anti-planner would say about this.

What Estately are doing falls in line with a story I have scheduled to post on Thursday this week – stay tuned.

*For real estate blog geeks (like me) the first line of my post in May ’05 is intriguing to me – “Found this blog today with a very interesting story about the above subject -” “this blog” is the venerable Rain City Guide. πŸ™‚

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June 1, 2008 4 Comments

Trackbacks

  1. Where Will the Urban Cores Be? And why this Matters NOW | Real Central VA says:
    June 20, 2008 at 13:18

    […] Proximity to rail increases property values? […]

    Reply
  2. A Crozet Commuter Train? | RealCrozetVA says:
    April 2, 2009 at 19:28

    […] studies have shown that properties close to transit are worth more […]

    Reply
  3. Did you Know? About Terremark in Culpeper | RealCentralVA.com says:
    May 21, 2010 at 08:48

    […] Now what might that do to real estate values in the Charlottesville region? Could the Charlottesville area finally see properties close to transit see accompanying increases in value? […]

    Reply
  4. Bike Paths Increase Property Values? | RealCentralVA.com says:
    September 29, 2010 at 12:56

    […] Proximity to transit may increase property values. (From 2005) […]

    Reply

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About Jim Duncan

I am a Realtor/Broker/Partner with Nest Realty in Charlottesville, Virginia. The goal of this site/blog remains unchanged in the nearly 10 years since its founding – to provide clear, coherent and unbiased analysis of the Charlottesville area real estate market.

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