Even ghosts and goblins are contributing to the housing boo-oom. New studies released this week suggest that haunted houses have lost some of their power to instill terror on those silly enough to buy them-adding a metaphysical reason for appreciating prices.
A realtor.com survey of people visiting its site found that about one quarter are open to buying a haunted home, especially if they get a discount, while 38 percent revealed that they would not consider a haunted home purchase. Avarice trumps apparitions every time.
The final word in this dichotomy between appreciation and apprehension goes to Redfin for doing a thorough job analyzing why you should live next to a graveyard.
It seems that homes located close to boneyards take longer to sell but the wait is worth it since they sell for prices higher than identical homes located in the same city but at a greater distance from a cemetery and lacking garlands of garlic around the windows.
The Redfin folks found that homes 1000 yards or more from a graveyard are sacrificing 12 dollars per square foot at the closing table. Who needs an AVM? Go figure.
|Distance||Transaction Count||Median Sale Price||Median Square Footage||Price Per Square Foot||Days On Market|
|< 50 Feet||221||$235,000||1,398||$162||48|
|< 100 Yards||3,689||$219,900||1,392||$147||43|
|< 200 Yards||6,361||$223,000||1,408||$150||42|
|< 500 Yards||26,512||$230,000||1,478||$147||41|
|< 1000 Yards||60,170||$235,000||1,514||$145||39|