Homes Near Public Transit: What's For Sale In Martinez

When it comes to real estate, the adage "location, location, location" seems to apply to public transit as well as schools and other amenities.

A study done this year by the Center for Neighborhood Technology concluded that houses near public transportation such as buses and trains had higher property values that similar homes that didn't have easy access to transit.

This was particularly true during the housing crisis that began in 2007. Homes near mass transit weathered that storm better other houses, the study said.

Nationally, researchers said homes within a half-mile of public transportation with high frequency service performed 42 percent better when it came to property values.

In the Bay Area, those homes near transit performed 37 percent better than other properties.

With the BART labor talks in the news,  we thought we'd see what homes near public transit are on the market in our communities.

In Martinez, this four-bedroom, 2.5-bathroom home at 640 Walnut Ave. is located near the County Connection bus lines that run from the Amtrak station to other parts of the region.

The home, built this year, is 2,274 square feet on almost a quarter-acre. It's listed at $695,000.

Do you know of other homes near public transit for sale in your town? Let us know in the comments.

This information was provided by Rachael Hand, Broker Associate, Coldwell Banker, 925-372-8080 or rachael.hand@cbnorcal.com. Properties featured in this article may be offered by a variety of local real estate firms.