Why walkable neighborhoods are hot when it comes to home sales

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Why walkable neighborhoods are hot when it comes to home sales
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A new study from the National Association of Realtors shows that Americans who live in a walkable community have a higher quality of life.

As soon as Realtor LouAnn Fellers listed a colonial-style home in Morris Plains, New Jersey, the calls came pouring in. To her surprise, she received 14 offers over the asking price of $689,000."I’m finding there are two big trends," Fellers said."In terms of trends, walkability is big. But there’s also the trend that a lot of buyers aren’t looking for bigger homes. They’re looking for smaller homes, but with sophisticated finishes.

Another 85% addressed lifestyle amenities such as being able to walk to places. The real estate survey shows that being near shops, restaurants, as well as public transportation are key issues, especially for millennials.

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