Asheville Mountain Real Estate Blog

Asheville, NC real estate for sale. Information for buyers, sellers and mountain homeowners, without pressure. Rich content for those who are far away about what it is like to live here through the generous use of media. And some nostalgia with our, "Baby Boomers' Fun Stuff", Thanks for stopping by.

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Location: Mars Hill, NC, United States

A small, highly personalized real estate firm specializing in mountain homes and land in greater Asheville.

Monday, July 28, 2008

Asheville Escapes The Starbucks Effect

With shares down 60% from their peak in 2006, (Chart Source), coffee giant Starbucks plans to close 600 stores, or 8.5% of its network.

But here in the mountains, Asheville managed to hang onto all 10 of its locations, thus escaping the "Starbucks Effect" in real estate.

Starbucks Effect?
This very informal and anecdotal theory states: Starbucks achieved such popularity during its heretofore unfettered expansion, that the mere proximity of an outlet had a positive impact on home vales.

The subject has actually gotten some wider attention lately, in the wake of the store closings. The thinking is that a neighborhood's walkability might be decreased, and thus local values will decline. Thankfully this will not be the case for our city.

With the increasing price of gasoline, and the cost of commuting, the "walkscore" for an area is emerging as a more important criteria in the real estate transaction. So some fallout is theoretically possible. We have looked at walkability as a buyer's consideration in some detail before. For those interested you may click here, and here.

If this is indeed the case, then certain portions of the country were not treated so well by America's favorite coffee shop.

Thanks for stopping by,
Black Bear Realty Home Page
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Filed Under: Asheville Trends in Real Estate

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