When you search for a home, what are the key words that catch your attention? Freeway access? A view? What about… Trader Joe’s? If it’s the latter, then you may have stumbled onto a little real estate secret. Apparently people who own homes near Trader Joe’s grocery stores saw higher home price appreciation, according to data released from real estate analytics firm ATTOM Data Solutions and as reported by Realtor.com. The study looked at 1,275 ZIP codes nationwide with a least one Whole Foods store, one Trader Joe’s store and one ALDI store.
Indeed, homeowners nearest to a Trader Joe’s have seen an average 5-year home price appreciation of 67%, compared to 52% appreciation for homeowners near a Whole Foods and 51% near an ALDI. Average appreciation for all ZIP codes with these grocery stores nationwide is 54%.
Clearly, this trend is taking the “location, location, location” mantra to a whole new level. Who would have thought that proximity to reduced guilt guacamole, soy chorizo and cookie butter would increase your home’s value?
With that in mind, we scoured Coldwell Banker’s current California housing stock to find the homes that are nearest to the ever-popular TJs. Our advice: snap ’em up quickly because they surely won’t be on the market long once word gets out!
124 Verde Ct
Los Gatos, CA 95032
This newer single-level traditional-style home may live on a quiet, friendly Los Gatos cul-de-sac, but it’s close to Whole Foods, Trader Joe’s, downtown Los Gatos, hospitals and freeways. Not to mention it boasts access to Alta Vista Elementary School and Union Middle School — both ranking 10 out of 10, according to Great Schools.
617 Burton Dr
Lafayette, CA 94549
A lovely two-story traditional in the heart of Layfayette’s Burton Valley has both geography and space going for it. Set on more than half a flat acre, this four bedroom-home is oriented toward a gorgeous yard with sparkling pool, newer patio, built-in BBQ, rose garden — and it’s just a nine-minute drive to Trader Joe’s.
1627 Greenwich Street
San Francisco, CA 94123
With a Walk Score of 97, this bright two-level, beautifully renovated home in Cow Hollow is the epitome of San Francisco living. It’s a true urban oasis in every sense — with all kinds of city amenities within close distance, including two Trader Joe’s locations (one on Bay Street and one on 9th Street) and all of the shops, cafes and bars on Polk Union and Chestnut Streets. Not to mention, it’s not far from Ghirardelli Square and Fisherman’s Wharf.
5057 Stern Avenue
Sherman Oaks, CA 91423
You really can have it all: dramatic curb appeal and a great location. This architectural masterpiece is not only situated on an amazing tree-lined street in the ” Fashion Square” district of L.A.’s Sherman Oaks, but it’s located near a Trader Joe’s, the Westfield mall, the 101 freeway and all of the restaurants on Ventura Boulevard.
17229 Reflections Cir
San Diego, CA 92127
There are a lot of advantages to living in this spacious, elegant, private semi-custom one-story home in San Diego. For starters, you have the prestige of a Rancho Santa Fe mailing address, and the privacy of two access gates. Then there are the panoramic lake views. And then, you’re five minutes to Trader Joe’s, Sprouts, and tons of upscale retail shopping and dining.