New Walmart Coming to Torrance-Near-by Homes’ Value Might Increase

For years, many critics argued that when a big box store like Walmart comes to town, it would automatically bring lower home values to those homes near-by. This was referred to as the “Walmart Effect” and over the years it made near-by residents nervous and often prompted those residents to oppose the proposed store. Following is a video of the Torrance area where the new Walmart is being constructed.

A new study, according to Realtor Magazine, reports that just the opposite happens.
The researchers found that homes within a half mile of a new Walmart store saw their home prices increase on an average about $7,000 in the two-and-a-half years after the store opened. Homes located a half mile to one mile away saw a $4,000 increase. These results came after analyzing more than 1 million real estate transactions, near 159 newly opened Walmart stores between 2000 and 2006.

So, residents near to the new incoming Walmart store at Hawthorne Blvd. and Sepulveda, your property values maybe going up. That is good news for sure.

About Carol

As a premier real estate agent in the South Bay, I’m here to provide you with all the resources and information you need to buy or sell real estate. I work with buyers and sellers in Torrance, Redondo Beach, Rancho Palos Verdes, Palos Verdes Estates, Long Beach and the surrounding areas and I’ve had extensive training in the latest real estate marketing strategies. I’m confident that I can offer you knowledge and tools most other agents can’t.

Contact me so I can keep you updated on the latest real estate activities in our community and answer any questions you may have.

I look forward to working with you!

This entry was posted in a-Torrance, Blog and tagged , . Bookmark the permalink.