As a real estate agent for Russ Lyon Sotheby’s, I know that homes have more value located in great school districts and near public parks. But I’m reading more articles, lately, on how home values are increasing based on being near healthy, innovative eats.
A new Urban Land Institute (ULI) report shows homes prices are higher in neighborhoods where there are “local” choices on healthy eats along with innovative cuisine options. In the Russ Lyon Sotheby’s communities, I sell in, I’m noticing more healthy, fun, restaurants popping up all the time.
The report examines food vs. real estate from three perspectives: the impact on people, the environment, and real estate values. We already know home values are higher near quality grocery stores. But the report shows the food and real estate relationship is even more powerful than your proximity, say, to a Whole Foods store.
You see, real estate plays a big role in providing access to healthy food. Some communities prompt many creative developments when it comes to healthy food choices. This can range from local farmer’s markets, unusual farm-to-table restaurants, and even community gardens. In turn, it impacts the prosperity and livability in neighborhoods. When you think about it, the concept makes sense since food brings people together and impacts how we identify with our Russ Lyon Sotheby’s home.
The report also finds that successful food development relies on partnerships with “established local institutions.” By working with existing groups, nonprofit organizations and other businesses, developers can create customized food concepts in each community — even those that appeal to those in Russ Lyon Sotheby’s neighborhoods.
It’s looking like healthy real estate markets are more-and-more going to be depending on nearby healthy food concepts to increase home values. That’s, of course, in addition to all of the other amenities a Russ Lyon Sotheby’s community offers.
If you or anyone you know is interested in Scottsdale Real Estate, please check out my website, www.Realestateforsaleinaz.com, and I’ll be happy to help.