Dallas Real Estate Question: Do Great Grocery Stores Improve Home Values?

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Update:, 3:46pm: A commenter on FaceBook tells me Central Market first opened in Fort Worth, then Dallas. Wonder why?

I ask because of the progress I see over at the new Central Market coming in to Preston Royal. Clearly, having Whole Foods at Preston Forest has made our lives in this neighborhood eons better. Now Trader Joes is coming to us first over on South Hulen Street in Fort Worth (Fort Worth first, huh?) and word is they will also be opening a store at Walnut Hill and Central. TJ also allegedly wants the current Lamps Plus building on Knox, and will probably get it when the LP lease is up next year. That will be GREAT for those homeowners. My fingers are firmly crossed for all of these!

So I ask you: does it improve property values to have a proliferation of great grocery stores in the neighborhood?

mm

Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

Reader Interactions

Comments

  1. Jeff says

    I'm not sure if they necessarily improve values, but close proximity to an upscale grocery store probably makes a home more appealing to buyers.

  2. Jeff says

    I'm not sure if they necessarily improve values, but close proximity to an upscale grocery store probably makes a home more appealing to buyers.

  3. Anon says

    I wonder how the closure of the Whole Foods on Greenville affected the home prices in the area? There are still several grocery stores in close proximity to the area, but the proximity to Whole Foods seemed to be a huge selling point a few years ago.

  4. Anon says

    I wonder how the closure of the Whole Foods on Greenville affected the home prices in the area? There are still several grocery stores in close proximity to the area, but the proximity to Whole Foods seemed to be a huge selling point a few years ago.

Trackbacks

  1. […] darn giddy with excitement, I had to go search and see if I really did tell you this, and I DID!!!, last November when Central Market was under construction at Preston Royal. I had heard from a relia… was going to plant its second or third Dallas store at the northwest corner of North Central […]

  2. […] darn giddy with excitement, I had to go search and see if I really did tell you this, and I DID!!!, last November when Central Market was under construction at Preston Royal. I had heard from a relia… was going to plant its second or third Dallas store at the northwest corner of North Central […]

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