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Denver Light-rail can turn into money train

By
Real Estate Broker/Owner with Brokers Guild Classic 100000546
An article from The Denver Post, reports that homes near light-rail lines often increase more in value than those that don't.  Over the past two years, homes near the southeast light-rail line have increased in value 4% on average.  An analysis performed by Your Castle Real Estate also shows that the closer the home is to a station, the more its value increases.  Homes within a half mile of a station gained 17.6% in value, while homes situated 1.5 to 2 miles away only gained 0.1% on average.  RTD has plans for six new commuter-rail and light-rail corridors and hopes to extend three existing corridors by 2017. 
http://www.denverpost.com/business/ci_10850014

Comments (1)

Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Dallas is expanding its light rail system.  We do not have statistics to support property values close to the stations yet.  Thanks for your info. 17.6% is a great increase in value!

Nov 10, 2008 07:00 AM