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In brief: Study: Transit boosts residential sales prices

By - Last modified: April 5, 2013 at 11:00 AM

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A study by the American Public Transportation Association and the National Association of Realtors found that public transportation in metro areas across the U.S. significantly increased the sale prices of residential properties between 2006 and 2011.

Average residential sale prices near transit outperformed their regions as a whole by 41.6 percent, according to the study. The Boston area came in at the top of the list, with residential prices outperforming the region by 129 percent. Similar price associations were found in Chicago, Minneapolis-St. Paul, Phoenix and San Francisco.

Residential prices for nontransit areas of the cities all fell, according to the study. The largest drop in sale prices for real estate without transit was in Boston at more than 40 percent.

Jim T. Ryan

Jim T. Ryan

Jim T. Ryan covers Cumberland County, manufacturing, distribution, transportation and logistics. Have a tip or question for him? Email him at jimr@cpbj.com. Follow him on Twitter, @JimTRyanCPBJ.

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