{"id":19154,"date":"2021-07-14T12:24:58","date_gmt":"2021-07-14T12:24:58","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19154"},"modified":"2021-07-14T12:24:58","modified_gmt":"2021-07-14T12:24:58","slug":"is-proximity-to-public-transit-still-a-selling-point","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/is-proximity-to-public-transit-still-a-selling-point\/","title":{"rendered":"Is Proximity to Public Transit Still a Selling Point?"},"content":{"rendered":"

Is Proximity to Public Transit Still a Selling Point?<\/h1>\n
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Since the start of the pandemic, home prices have been rising twice as fast in car-dependent neighborhoods as in transit-accessible areas, according to newly released Redfin research. The trend may be only temporary as social distancing practices that made commuting by train, subway, or bus less practical begin to ease.<\/p>\n

The median home sale price in car-dependent areas across the country has risen nearly 33% since January 2020 to a record $418,100, Redfin data shows. In transit-accessible neighborhoods, the median price has risen only by 16% but still reached a record of $540,500.<\/p>\n

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\"Redfin<\/div>\n<\/div>\n<\/div>\n

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Fifty-six percent of homes in car-dependent neighborhoods sold for above asking price in May compared to 36% of transit-accessible homes, the Redfin study shows. Homes in car-dependent neighborhoods also tended to sell faster\u2014an average of 19 days versus 38 days for transit-accessible homes.<\/p>\n

\u201cRemote work has allowed many home buyers to leave cities for far-flung suburbs,\u201d says Daryl Fairweather, Redfin\u2019s chief economist. \u201cThose suburbs often lack public transit, so new residents drive more often. Hopefully, a less frequent commute will mean fewer hours behind the wheel. But as offices reopen, we may see commuters who used to live in the city and use public transit spending more time driving and emitting more carbon. Governments need to plan for this new reality and start providing more green transit to areas outside of major cities.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cHome Prices Rose Twice as Fast in Car-Dependent Neighborhoods as Transit-Accessible Areas During the Pandemic<\/a>,\u201d Redfin (July 9, 2021)<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Is Proximity to Public Transit Still a Selling Point? Since the start of the pandemic, home prices have been rising twice as fast in car-dependent neighborhoods as in transit-accessible areas, according to newly released Redfin research. The trend may be only temporary as social distancing practices that made commuting by train, subway, or bus less … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-19154","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nIs Proximity to Public Transit Still a Selling Point? - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/is-proximity-to-public-transit-still-a-selling-point\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/is-proximity-to-public-transit-still-a-selling-point\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/is-proximity-to-public-transit-still-a-selling-point\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Is Proximity to Public Transit Still a Selling Point?\",\"datePublished\":\"2021-07-14T12:24:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/is-proximity-to-public-transit-still-a-selling-point\\\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/is-proximity-to-public-transit-still-a-selling-point\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/7.12.2021_cardependent.png?itok=seXpb16O\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/is-proximity-to-public-transit-still-a-selling-point\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/is-proximity-to-public-transit-still-a-selling-point\\\/\",\"name\":\"Is Proximity to Public Transit Still a Selling Point? 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