| From National Association of Home Builders and the National Association of Realtors |
In April, 2002l a survey of of 2,000 recent home buyers was
co-sponsored by the National Association of Home Builders and the
National Association of Realtors. The survey asked about the "importance
of community amenities," and trails came in second only to highway
access. Those surveyed could check any number of the 18 amenities, and
36 percent picked walking, jogging or biking trails as either "important"
or "very important." Sidewalks, parks, and playgrounds ranked next in
importance.
co-sponsored by the National Association of Home Builders and the
National Association of Realtors. The survey asked about the "importance
of community amenities," and trails came in second only to highway
access. Those surveyed could check any number of the 18 amenities, and
36 percent picked walking, jogging or biking trails as either "important"
or "very important." Sidewalks, parks, and playgrounds ranked next in
importance.
Summary
Homes sales were examined in the seven Massachusetts towns through which the
Minuteman Bikeway and Nashua River Rail Trail run. Statistics on list and selling prices
and on days on the market were analyzed. The analysis shows that homes near these rail
trails sold at 99.3% of the list price as compared to 98.1% of the list price for other homes
sold in these towns. The most significant feature of home sales near rail trails is that these
homes sold in an average of 29.3 days as compared to 50.4 days for other homes. These
results are similar to those for other rail trails showing that homes near rail trails have
become desirable. More
Homes sales were examined in the seven Massachusetts towns through which the
Minuteman Bikeway and Nashua River Rail Trail run. Statistics on list and selling prices
and on days on the market were analyzed. The analysis shows that homes near these rail
trails sold at 99.3% of the list price as compared to 98.1% of the list price for other homes
sold in these towns. The most significant feature of home sales near rail trails is that these
homes sold in an average of 29.3 days as compared to 50.4 days for other homes. These
results are similar to those for other rail trails showing that homes near rail trails have
become desirable. More
Earlier this past fall, the Boston Globe published a piece about the relatively new
phenomenon. Houses for sale adjacent to a rail trail are now being advertised with
signage on the rail-trail side of the house. The article was titled “Houses Hawked on the
Bikeway” http://www.craigdp.com/pages/11/index.htm. It had some quotes from local
realtors who mentioned that posting for-sale signs along the rail trail is something they do
on a regular basis now. The theme of the article was about how much a novelty it was to
see real-estate signs touting the proximity of the house to the trail.
Home Sales near Two Massachusetts Rail Trails
Craig Della Penna, Realtor®
The Murphys Realtors, Inc.
44 Conz Street
Northampton, MA 01060
craig@craigdp.com
January 25, 2006
Summary
phenomenon. Houses for sale adjacent to a rail trail are now being advertised with
signage on the rail-trail side of the house. The article was titled “Houses Hawked on the
Bikeway” http://www.craigdp.com/pages/11/index.htm. It had some quotes from local
realtors who mentioned that posting for-sale signs along the rail trail is something they do
on a regular basis now. The theme of the article was about how much a novelty it was to
see real-estate signs touting the proximity of the house to the trail.
Home Sales near Two Massachusetts Rail Trails
Craig Della Penna, Realtor®
The Murphys Realtors, Inc.
44 Conz Street
Northampton, MA 01060
craig@craigdp.com
January 25, 2006
Summary
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