In real estate, it’s all about location, location, location. According to a recent study from ATTOM Data Solutions, a location near Trader Joe’s grocery store is the best place to be if you’re a home buyer. Among buyers, the best grocery store to purchase near is Trader Joe’s. Homes near Trader Joe’s realized an average home seller ROI of 51%, compared to homes near Whole Foods with an average home seller ROI of 41% and ALDI of 34%. Homes near Trader Joe’s also had a higher added equity, owning an average of 37% equity in their homes ($247,445).
Interestingly enough, the facts for investors differ. Properties near an ALDI grocery store are an investor’s cornucopia with an average gross flipping ROI of 62%, compared to properties near Whole Foods which had an average gross flipping ROI of 35%, and Trader Joe’s at 31%. Properties near an ALDI also saw an average 5-year home price appreciation of 42%!
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Since 1976, First Team Real Estate has helped hundreds of thousands of homebuyers and sellers achieve their real estate goals.
