{"id":21086,"date":"2022-09-27T14:12:01","date_gmt":"2022-09-27T14:12:01","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=21086"},"modified":"2022-09-27T14:12:02","modified_gmt":"2022-09-27T14:12:02","slug":"homes-with-higher-fire-risk-sell-for-nearly-120k-more","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/homes-with-higher-fire-risk-sell-for-nearly-120k-more\/","title":{"rendered":"Homes With Higher Fire Risk Sell for Nearly $120K More"},"content":{"rendered":"\n

Homes With Higher Fire Risk Sell for Nearly $120K More<\/p>\n\n\n\n

The risk of a house fire isn\u2019t slowing buyers in this market frenzy. The median sale price of homes that have conditions creating a high risk of fire was $550,500 in April, compared to $431,300 for homes with a low risk of fire, according to a new study from Redfin.<\/p>\n\n\n\n

The typical home with a high risk of fire sold for $119,200\u2014or nearly 28% more\u2014than the typical home with a low fire risk. That marks the largest premium in dollar terms since at least 2017, Redfin reports.<\/p>\n\n\n\n

\"A<\/figure>\n\n\n\n

Homes that could be susceptible to fires have historically been more expensive because they are generally larger and located in pricier areas along West Coast metros. But the price premium for high-risk homes has climbed more since the pandemic began.<\/p>\n\n\n\n

Many Americans have moved from cities to suburbs and rural areas where homes often are at greater risk due to their proximity to flammable vegetation, the Redfin study notes. The median sale price of high-risk homes climbed by nearly 52% in April compared to two years earlier. The median sales price of lower-risk homes rose by 41%.<\/p>\n\n\n\n

\u201cSuburban homes tend to be more expensive because they\u2019re large, and demand for large homes skyrocketed during the pandemic as Americans sought respite from crowded city life,\u201d says Sheharyar Bokhari, Redfin\u2019s senior economist. \u201cPandemic buyers also hunted for deals due to surging home prices, and while fire-prone homes aren\u2019t cheaper on average, buyers may feel they\u2019re getting more bang for their buck because they\u2019re getting more space. And for some pandemic buyers, the fire-prone home they bought in suburbia was actually cheaper than their last home because they were relocating from somewhere like San Francisco and Seattle.\u201d<\/p>\n\n\n\n

Source: <\/p>\n\n\n\n

\u201cHomes With High Fire Risk Sell for Nearly $120,000 More Than Low-Risk Homes as Americans Flock to Fire-Prone Suburbia<\/a>,\u201d Redfin (June 6, 2022)<\/p>\n\n\n\n

\u00a9National Association of REALTORS\u00ae
Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"

Homes With Higher Fire Risk Sell for Nearly $120K More The risk of a house fire isn\u2019t slowing buyers in this market frenzy. The median sale price of homes that have conditions creating a high risk of fire was $550,500 in April, compared to $431,300 for homes with a low risk of fire, according to … <\/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-21086","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":"\nHomes With Higher Fire Risk Sell for Nearly $120K More - 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\/homes-with-higher-fire-risk-sell-for-nearly-120k-more\/\" \/>\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\\\/homes-with-higher-fire-risk-sell-for-nearly-120k-more\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-with-higher-fire-risk-sell-for-nearly-120k-more\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Homes With Higher Fire Risk Sell for Nearly $120K More\",\"datePublished\":\"2022-09-27T14:12:01+00:00\",\"dateModified\":\"2022-09-27T14:12:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-with-higher-fire-risk-sell-for-nearly-120k-more\\\/\"},\"wordCount\":331,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-with-higher-fire-risk-sell-for-nearly-120k-more\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/6.7.2022_firerisk.png?itok=eJrVoieJ\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-with-higher-fire-risk-sell-for-nearly-120k-more\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-with-higher-fire-risk-sell-for-nearly-120k-more\\\/\",\"name\":\"Homes With Higher Fire Risk Sell for Nearly $120K More - 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