Several academic researchers used a sample size of 2,608 real estate transactions over a ten-month period and compared properties that have “street trees” to those without and found not only were buyers willing to pay on average over seven thousand dollars more for the house but homes within a hundred feet of these houses also saw a sale price increase of over a thousand dollars. Maybe money grows on trees after all.
Surely this isn’t unique to Portland. Have you seen noticeable price increases for tree-lined streets? Please let us know what you are seeing in your neighborhoods.
Click here for the full article from the Wall Street Journal explaining how the researchers measured data to control for all the other variables that go into a home’s sale price.