Sunday, November 21, 2010

Rail commuters - Enjoy your bump in home prices

So we fear trains in Ohio because??? And when gas prices go back up, which areas will stay more attractive?

Metra commuters - Enjoy your bump in home prices
Study finds more sales, better prices in Metra communities

November 17, 2010

BY KAY SEVERINSEN - SearchChicago-Homes editor

Metra commuters — your attention, please. The next outbound Union Pacific train to Harvard with intermediate stops at Des Plaines, Mount Prospect, Arlington Heights, Palatine, Barrington and Cary (and a lot of other northwest 'burbs), has caused the number of home sales in your municipalities to be up a robust 57 percent over last year, and your home's value to go up at least 9 percent over last year.

Though Union Pacific line residents came in tops in a RE/MAX Northern Illinois survey of the impact of train lines on home sales, they aren't the only areas that have enjoyed the train line bump.

RE/MAX analyzed home sales in a three-town sample along each of the 11 Metra corridors and compared those numbers to home sales throughout the suburban market. Overall, the report found that Metra municipalities averaged 10 percent more home sales growth in the first half of 2010 than non-Metra towns.

READ MORE AT:
http://searchchicago.suntimes.com/homes/2903172,metra-town-prices1118.article
 
 
Ken Prendergast
Executive Director
All Aboard Ohio
12029 Clifton Blvd., Suite 505
Cleveland, OH 44107
(216) 288-4883
kenprendergast@allaboardohio.org
www.allaboardohio.org