Wednesday, November 25, 2009

How walkable is your community? How much value does it add to your home?

The Winter 2010 issue of "On Common Ground" published by the National Association of REALTORS® looks closely at how walkable your neighborhood is. Real close. On Common Ground writes that "more and more buyers are asking for - even demanding - homes in walkable neighborhoods."

In some cities, people "are willing to pay more for a home - or accept less in terms of square footage and amenities - in exchange for proximity to shopping, entertainment, work and school."


Just how walkable is your neighborhood?

Check out WalkScore.com, a free Web site that will take your address - anywhere in the United States - and map it with local amenities to show just how walkable (or not) it is. A score of 49 or less is "Car-Dependent", while a score of 90 or more is a "Walker's Paradise". A survey of 15 markets around the country found that "for each typical metropolitan area, each additional point of Walk Score was associated with a $700- to $3,000-increase in home values."

How walkable is the South Bay? Check out these scores, and then type in your own address:

El Segundo.....91
Carson.....68
Gardena.....91
Harbor City.....74
Hawthorne.....86
Hermosa Beach.....83
Lawndale.....83
Lomita.....75
Manhattan Beach.....82
Redondo Beach.....88
San Pedro.....95
Torrance.....69
Wilmington.....69


(Here's what it means):
90–100 = Walkers' Paradise
70–89 = Very Walkable
50–69 = Somewhat Walkable
25–49 = Car-Dependent
0–24 = Car-Dependent (Driving Only)