Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell.<\/p>\n<\/div>\n
\n
JACKSON, Ga. \u2013 Some street and neighborhood names are more associated with expensive homes than other names.<\/p>\n
\u201cWhat\u2019s in a name?\u201d Shakespeare wrote in \u201cRomeo & Juliet.\u201d \u201cThat which we call a rose by any other name would smell as sweet.\u201d<\/p>\n
In the U.S. housing market, some street and neighborhood names are sweeter than others in terms of being associated with expensive homes. Cinch Home Services, a home warranty seller, constructed a list of neighborhood and street names that are host to the most expensive homes in the country. It used data from the Census Bureau and real estate brokerage Redfin.<\/p>\n
Addresses with \u201cBeverly\u201d in the name easily topped the list, posting an average home value of $4.3 million.<\/p>\n
\u201cThis group likely included some seriously expensive outliers, like Beverly Hills, Calif., a city boasting homes worth $30 million and above,\u201d Cinch said in commentary accompanying the list.<\/p>\n
It said Beverly Hills holds the record for the most expensive house ever sold at auction \u2013 $165 million in 2021.<\/p>\n
\u2018Third\u2019 places second<\/h3>\n
The word \u201cThird\u201d took second place (excuse the pun), with homes having that name in the address posting an average value of $2.1 million. \u201cBrickell\u201d was third, also with an average value of $2.1 million. Brickell Avenue is one of the most expensive streets in Miami.<\/p>\n
\u201cBayshore\u201d was fourth at $2 million, and \u201cIsland\u201d was fifth at $1.9 million. Other water-oriented names that fared well were \u201cLakeside,\u201d seventh at $1.8 million; \u201cOcean,\u201d ninth at $1.7 million; and \u201cPacific,\u201d 10th at $1.6 million.<\/p>\n
Properties near a clean (or even dirty) body of water, of course, are often the most expensive.<\/p>\n
Names by median income<\/h3>\n
Cinch also ranked the names of neighborhoods associated with the highest median incomes. No. 1 was \u201cBoca\u201d at $72,500. That presumably includes the tony Boca Raton, Fla.<\/p>\n
\u201cWoodlands\u201d was second at $70,800. That presumably includes upscale Woodlands, Texas. \u201cLegacy\u201d was third at $67,100.<\/p>\n
\u201cSan\u201d was fourth at $66,200. That presumably includes San Francisco and San Jose, Calif. Huntington was fifth at $65,200. That presumably includes Huntington Beach, Calif.<\/p>\n
Streets by time on the market<\/h3>\n
Cinch also rated street names by homes that spent the least amount of time on the market before changing hands. \u201cFauntleroy\u201d topped the list at 23 days. \u201cFauntleroy\u201d comes from old French and means \u201cson of the king.\u201d So perhaps these homes have a patina of royalty.<\/p>\n
\u201cAvalon\u2019 placed second at 30 days. \u201cDawson\u201d was third, also at 30 days; \u201cIvy\u201d was fourth, also at 30 days; and \u201cResidence\u201d was fifth at 32 days.<\/p>\n
The worst homes to sell were on Timber Street. That took 410 days. Knoll was the second worst at 382 days.<\/p>\n
\u00a9 Copyright 2022 Jackson Progress-Argus. All rights reserved.<\/p>\n
Source: What\u2019s in a Street Name? A Key to Home Values | Florida Realtors<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"What\u2019s in a Street Name? A Key to Home Values By Dan Weil Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell. JACKSON, Ga. \u2013 Some street and neighborhood names are more associated with expensive homes than other names. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[7],"tags":[],"yoast_head":"\n
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