Homes on tree-lined streets fetch more cash

Homes with street trees — those that grow between a sidewalk and a street — fetch higher sales prices and sell faster than those without. In a study of 2,608 single-family home sales in Portland, Ore., researchers found that the presence of street trees resulted in homes selling for an average of $7,130 more than those without them and went an average of 1.7 fewer days quicker. Even those homes without street trees but within 100 feet of one saw an average sale bump of $1,688.

It’s true for the Big Apple as well. “Most of the prime streets that are tree-lined get a 10 percent to 15 percent premium in value over similar streets with less tree architecture,” a New York City appraiser told the Wall Street Journal.

Source: Wall Street Journal