The share of Trulia listings in Los Angeles County that mention “transit keywords”, such as “metro” or “subway”, has risen from 2.3% in 2013 to 4.5% last year, according to Trulia analysis. In addition, in all but the top 25% most expensive listings, listings with transit keywords sell for on average 4.2% more than similarly-sized homes that do not.
Los Angeles is infamous for its sprawl and car culture. But the city is actively promoting alternatives to private automobiles, and mobility in and around L.A. has changed dramatically in recent years. Santa Monica is actively experimenting with electric scooters in its Shared Mobility Pilot Program, and L.A. taxpayers have pledged $120 billion toward expanding public transit.
And home sellers, particularly those near the city’s growing rail network, are taking note.
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