Wednesday, October 3, 2012

Could the Name of Your Street Get You More Money?

     The well known real estate search engine Trulia has come out with a survey providing information that shows the endings of the street names, such as "park", "place", "road", etc., have an affect on the home prices. According to the survey, address located on a street suffix of boulevard, place, and road accumulated a higher average price per square foot than homes located on a street suffix of drive, avenue, or street. Trulia found that the street suffix boulevard is the most popular (in terms of generating the highest price per square foot) coming in at an average of $117 per sqft, while the suffixes lane and street generated average price per sq ft of $101 and $86 respectively. Although there are many more significant components when coming to an asking price, this is definitely an interesting bit of information.

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