Access to public transit is the new granite countertop when it comes to home listings.
A Metro train on the Expo line passes by apartments in Culver City en route to Santa Monica. by real estate data firm Trulia, which looked at the language used to describe homes on the market in Los Angeles County from 2013 to 2018.Mentions of the city’s transit almost doubled over the period, and for all but the most expensive quarter of homes, sellers got rewarded for it. On average, the premium was 4.2%.
Across the U.S., younger people are choosing to stay in urban areas longer, putting a premium on homes where they don’t have to get into a car to access their jobs or other amenities. Asponsored by Trulia found that 16% of respondents said they were unhappy about a lack of public transportation in their neighborhood.
A 6.6-mile stretch of Metro’s Expo Line from Culver City to Santa Monica opened in 2016, putting more homes in proximity to the train. The Gold Line was also extended that year.The number of listings mentioning the proximity to bus routes remained steady during the study period while those highlighting nearby rail routes surged, with the Gold Line receiving the most attention, followed by the Red and Expo lines.
One wrinkle in Trulia’s study: Buyers of the most expensive quarter of homes in Los Angeles paid 10.5% less on average for properties advertising transit access.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Terror suspect claimed ISIS sympathies and planned to bomb Los Angeles freeways and the Santa Monica Pier, FBI saysAuthorities have arrested a Los Angeles man described as a former U.S. soldier for terror-related charges that included threats against a local landmark and freeways.
Weiterlesen »
Over 1,000 quarantined in measles scare at LA universitiesLOS ANGELES (AP) — More than 1,000 students and staff members at two Los Angeles universities were quarantined on campus or sent home this week in one of the most sweeping efforts yet by public health authorities to contain the spread of measles in the U.S., where cases have reached a 25-year high .
Weiterlesen »
17 Of The Worst Mistakes Tourists Make When Visiting LA, According To Locals17 Mistakes Tourists Make When Visiting Los Angeles For The First Time
Weiterlesen »
UCLA and Cal State L.A. quarantine hundreds of students and staff in measles outbreakUCLA and California State University at Los Angeles said hundreds of students were exposed to people infected with measles earlier this month.
Weiterlesen »
U.S. measles outbreak triggers quarantine at two Los Angeles universitiesA nationwide measles outbreak has led health officials to quarantine dozens of p...
Weiterlesen »
NRA sues Los Angeles over city’s contractor disclosure lawThe gun group is suing over a new LA law that requires contractors who do business with the city disclose any sponsorship of, or other ties to, the NRA.
Weiterlesen »
Los Angeles population shrinking, even as larger region still growsLos Angeles County's population fell last year, even as other major counties in the state added residents.
Weiterlesen »
Los Angeles Targets 100% Electric Vehicles In The City By 2050Los Angeles outlines its strategy for becoming carbon neutral in its Green New Deal, and electric vehicles are a big part of its plan.
Weiterlesen »
Estimated cost of 2028 Los Angeles Olympics jumps to $6.9 billionThe predicted cost of staging the 2028 Los Angeles Olympics has risen to $6.9 billion, according to an updated budget released Tuesday by the private committee responsible for staging the massive sports event.
Weiterlesen »