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Buyers Willing To Pay A Premium For Trees

October 15, 2013  |  by Ellen

Tree Lined StreetA rigorous study out of Portland, OR has been able to quantify how much more buyers are willing to pay for trees on their property and that number rounds out to a whopping $7,130.

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.

 

Posted in Blog, Featured, Industry News

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One response to “Buyers Willing To Pay A Premium For Trees”

  1. In MD it is very hard to sell a home setting on a lot with no mature plantings. Part of this is due to the lack of curb appeal. Lots with some trees sell much quicker
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