It is safe to say that the “healthy living” trend has swept the nation. People are starting to opt for a side of veggies over fries. Exercise has become a hobby instead of a chore. But recent studies show that the trend is even playing a substantial role in the real estate industry. Zillow’s new book, “Zillow Talk: Rewriting The Rules Of Real Estate”, measured the appreciation rates of neighborhoods before and after a Trader Joe’s or Whole Foods grocery market established itself in the area. The results were shocking. Even in neighborhoods where appreciation rates were lower than average, a new Trader Joe’s or Whole Foods increased those rates within the first year of their openings. Both stores target well educated – but low income – markets in an attempt to bring up the value of said area.
Both new and seasoned investors should potentially consider these markets for their purchase; the stats don’t lie: