Home > Blogs > Bette Gottwald > Bet on Central PA Real Estate
bookmark_borderbookmark

Does Starbucks Create Higher Market Values?

By
Real Estate Agent with UNITED REAL ESTATE | Central PA RS193539L

If you are looking for a home that will jolt in value, you may want to have your agent find you a home near Starbucks.

Who spends $5 on a coffee and who drinks Starbucks coffee?

People with money who buy expensive real estate in booming residential areas.

 

Starbucks

According to the most recent data, in all likelihood living near a Starbucks means your home should appreciate in value more quickly than homes in further-out neighborhoods.  Market trends tracked for the last 17 years, show a 96% increase for homes near Starbucks versus a 65% increase for homes that are farther away.

 

Starbuck locations in south central Pennsylvania neighborhoods, or any other neighborhoods, are excellent indicators of rising property values in the region. 

 

Call your agent today to find a great home near one of the two newest Starbucks locations in south central Pennsylvania.  "Bet" you'll be glad you did.

Posted by


                         

     

  Bette Brennan Gottwald, Realtor®, e-Proâ, RECS, CSP,
  Accredited Staging Professional  (ASP™) -  RS193539L    and
Joe Gottwald, Ph.D., Associate Broker – AB060350L
  State Certified Broker/Appraiser – BA001935L

 BHHS

                                           3435 Market Street
                                         Camp Hill, PA  17011
                                      717.503.5515 Cell | 717.583.HOME Office  
                                  717.877.3629 | Voice Mail/Home Office

                                             “Bet” you will be 100% satisfied with our real estate services!

 

 

facebook Google Plus

Comments (16)
Subscribe to CommentsComment

Submit
Show All Comments
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Good evening Bette Gottwald , I love their white chocolate pepermint mocha.  I'm glad it's not closer than 5 miles away.  Your probably right. They researched upscale neighborhoods to put their businesses.

Jan 29, 2015 10:58 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Bette Gottwald I have heard this exact statement before a few times. The trouble around here is that there are Starbucks everywhere. Me, a tea drinker. I buy it by the pound loose and get a cup for about 10 cents, no joke.

Jan 29, 2015 10:58 AM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Bette, interesting.  We will have to rethink the locations of Starbucks and maybe some other establishments in relation to income and housing.

Jan 29, 2015 11:00 AM
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Bette-This is the foundation of the Starbucks house hunting formula...thanks to you.

Jan 29, 2015 11:01 AM
Bette Gottwald
UNITED REAL ESTATE | Central PA - Mechanicsburg, PA
"Bet"on Central PA Real Estate!

Hi Larry Johnston, it's not likely you will see a Starbucks in the ghetto.

Jan 29, 2015 11:02 AM
Bette Gottwald
UNITED REAL ESTATE | Central PA - Mechanicsburg, PA
"Bet"on Central PA Real Estate!

We have two new locations within a mile of one another Noah Seidenberg .  I'm a tea drinker as well, buying it loose at Wegman's.

Jan 29, 2015 11:08 AM
Bette Gottwald
UNITED REAL ESTATE | Central PA - Mechanicsburg, PA
"Bet"on Central PA Real Estate!

Silvia, Whole Foods is another business that researches up and coming communities before making the move.

Jan 29, 2015 11:11 AM
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

Well Bette Gottwald I never realize considered this thought, seems to make sense.

Jan 29, 2015 11:19 AM
Bette Gottwald
UNITED REAL ESTATE | Central PA - Mechanicsburg, PA
"Bet"on Central PA Real Estate!

Peter, yes it is.  It is interesting too, Starbucks gives back so much to the communities.

Jan 29, 2015 11:21 AM
Bette Gottwald
UNITED REAL ESTATE | Central PA - Mechanicsburg, PA
"Bet"on Central PA Real Estate!

Tom, As I was working out early this morning, I heard a news report about Starbucks and the increase of market value of homes, and of course I had to research it further.

Jan 29, 2015 11:25 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Bette,

I heard the same news re4port today and have to consider the source! LOL! In the more expensive downtown areas in Austin the local coffee houses are favored over Starbucks but than that is Austin:).

Jan 29, 2015 11:37 AM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

If the shop is in the walkable areas, then yeah, it's a no brainer.  And many people look for just that.

Jan 29, 2015 12:06 PM
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

I've never thought about this before, but here in southern CA there is a Starbucks on every corner - maybe that's why homes are so expensive!

Jan 29, 2015 12:26 PM
Bette Gottwald
UNITED REAL ESTATE | Central PA - Mechanicsburg, PA
"Bet"on Central PA Real Estate!

Dorie, Starbucks seems to rule in our region.  Yes, I did consider the source, but had also picked up the same stats from another source a while ago, 

Jan 29, 2015 12:30 PM
Bette Gottwald
UNITED REAL ESTATE | Central PA - Mechanicsburg, PA
"Bet"on Central PA Real Estate!

Carla, Most of the Starbucks in our area are in the suburbs, but yes, I can see where the walkability score would be a no-brainer as you mentioned.

Jan 29, 2015 12:34 PM
Bette Gottwald
UNITED REAL ESTATE | Central PA - Mechanicsburg, PA
"Bet"on Central PA Real Estate!

John, and the market value of those homes are increasing too!

Jan 29, 2015 12:35 PM
Back to Top
Rainmaker
241,427

BetteGottwald

"Bet"on Central PA Real Estate!
Profile
BlogMy Services
local_phone717.707.2200
smartphone717.503.5515
Contact The Author

Service Areas

  • Mechanicsburg, PA
  • Cumberland County, PA
  • Dauphin County, PA
  • York County, PA
  • Hampden Township, PA
  • Upper Allen, PA
  • Silver Spring Township, PA
  • Mechanicsburg, PA

Real Estate Resources

Recent Posts

View more Recent Posts   arrow_forwards

Additional Information

View Bette Gottwald's LinkedIn profileView Bette Gottwald's profile

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?