18 Addresses Pinpoint Where Home Prices Look Likely to Spike

If you’re looking to get into a neighborhood before prices rise, then keep an eye on what Trader Joe’s and Whole Foods are planning.

The new paperback edition of the best-selling “Zillow Talk: Rewriting the Rules of Real Estate” contains a bonus chapter on the phenomenon, which Zillow CEO Spencer Rascoff discusses in the video here (starting around 1:10 in).

Zillow looked at the appreciation rates of homes within a mile of TJ and Whole Foods locations. Before the stores opened, the homes were appreciating no faster than other homes in town (and in the case of Whole Foods, they were appreciating more slowly) — but after a store moved in, the appreciation rates in the neighborhood sped past the overall town’s.

In fact, in the case of Trader Joe’s: Two years after a store opened, the median home less than a mile away had appreciated 10 percentage points more than homes in the city overall the previous year, Zillow said.

It’s unclear whether the stores’ proximity is boosting home values, or whether the companies are just really good at identifying up-and-coming neighborhoods early. But Zillow says the numbers are clear: Homes near Trader Joe’s or Whole Foods add value faster.

We’ve put together a list of stores in the works (or very recently opened) across the nation. If the pattern holds, homes within a one-mile radius of these addresses should soon start to appreciate faster than other homes in the city.

WHOLE FOODS

3301 East Imperial Highway
Brea, California 92823
Opening Feb. 17, 2016

33 Vervalen Street
Closter, New Jersey 07624
Opening date unknown

4402 Legendary Drive
Destin, Florida 32541
Opening date unknown

832 West 63rd Street
Chicago, Illinois 60621 (Englewood)
Opening fall 2016

3425 North College Avenue
Fayetteville, Arkansas 72703
Opening March 2, 2016

8525 Irvine Center Drive
Irvine, California 92618
Opening March 2016

2520 Glendale Boulevard
Los Angeles, California 90039 (Silver Lake)
Opening sometime this year

11100 West Burleigh Street
Wauwatosa, Wisconsin 53222
Opening Feb. 24, 2016

11041 Westheimer Street
Houston, Texas 77042 (West Chase)
Opening date unknown

TRADER JOE’S

800 Kenilworth Drive
Towson, Maryland 21204
Opening sometime in 2017

1198 Irvine Boulevard
Tustin, CA 92780
Opening in spring 2016 (second quarter, April to June)

11683 Westheimer Road
Houston, Texas 77077
Opening date unknown

1100 Pacific Coast Highway
Hermosa Beach, California 90254
Opening in second half of 2016

5520 North Division Street
Spokane, Washington 99208
Opening date unknown

4501 Cole Avenue
Dallas, Texas 75205
Opening date unknown

3702 South Peoria Avenue
Tulsa, Oklahoma 74105
Opening Feb. 26, 2016

1201 North 175th Street
Shoreline, WA 98133
Opening Feb. 26, 2016

28425 Chagrin Boulevard
Woodmere, Ohio 44122
Opening Feb. 5, 2016

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