With gas prices still high across California, and showing no signs on going down any time soon, one of the most desirable features that homebuyers are looking for is a home that’s close to major sources of public transportation.
This fact was confirmed recently thanks to a study by the American Public Transportation Association (A.P.T.A), which showed that homes which were close to a major source of public
transportation, or even a “transit shed”, sold quickly, at a rate of 41.6 percent, compared to homes that were not close to public transportation.
A Recession Proof Home?
Thanks to the A.P.T.A. study we also know that homes which were close to public transit locations like: bus depots, train stations or airports still continued to sell well even during the recent “Great Recession”.
The study was done in five cities across the United States: Chicago, Boston, Minneapolis St. Paul, San Francisco and Phoenix Arizona.
Out Performing Other Areas?
Anyone who questions the validity of the study will be interested to know that homes in Boston sold at almost 130% better than homes in other areas of Boston so homeowners in Orange County or elsewhere in the United States would be making a smart investment if they purchase homes within walking distance to public transportation.
Those homeowners who purchased homes in Boston that are close to public transportation have saved an average of $351 per month, while homeowners in other cities like Phoenix, Arizona and San Francisco, California have saved an average of $150 to $300 per month.
How To Find Homes Near Public Transit
Thanks to the Internet, homebuyers across the United States can find the right home to buy just by doing a little internet research or by using websites like Google Maps to find out how close public transportation is in proximity to the home they are planning on buying.
To learn more about properties in Orange County that are close to public transportation, contact Fred Sed & Associates today by calling us at (949) 272-0125.