The Whole Foods Effect

New research from Portland demonstrates the truth of something we all probably suspected:  The presence of an upscale grocery store in your Portland neighborhood adds an extra 20 percent or so to homes within a block and a half.  Small neighborhood move theaters have an even greater effect – 14 to 30 percent.  Wine bars and garden shops are also an advantage to homeowners, followed by bookstores, fitness centers and bike shops. 

The study, based on 2006 housing sales, was conducted by Johnson Gardner, a Portland-based economic consulting firm.

  

AC, December 7, 2008

Is there a link to this study? While these amenities certainly ought to enhance home values, I have trouble believing a 20% increase.

Link: www.austincontrarian.com

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