Having longprioritized the walkability and connection to public transportation in our developments, we see great value not only in the creation of great homes, but in the connection our homes have to the world around them. We believe strongly in our homes being a positive addition to the community and to the vitality of urban neighborhoods.
In the process of researching future projects, including a fantastic collection of homes in the next phase of Seattle’s Rainier Vista development, we came across a report that supports our belief in the value of walkability. Here is a short excerpt with the complete report available here.
“More than just a pleasant amenity, the walkability of cities translates directly into increases in home values. Homes located in more walkable neighborhoods—those with a mix of common daily shopping and social destinations within a short distance—command a price premium over otherwise similar homes in less walkable areas. Houses with the above-average levels of walkability command a premium of about $4,000 to $34,000 over houses with just average levels of walkability in the typical metropolitan areas studied”.
