That’s almost 14,000 Walk Score, Transit Score and Bike Score ratings being shown to home and apartment shoppers every minute! Wow.
Every day we hear from renters, home shoppers, property managers, realtors and real estate developers about the growing importance of walkability, short commutes, bike-ability and access to public transit. As such, it’s no surprise to see a growing body of research highlighting walkable neighborhoods as economic engines, talent magnets and valuable real estate investments. And we expect this trend to continue. Four in five millennials say they want to live in places where they have a variety of options to get to jobs, school or daily needs; and three in four say they’ll likely choose to live where they do not need a car to get around.
We’re honored to see the real estate industry continue to embrace Walk Score as the leading measure of neighborhood walkability. For example, earlier this year, Walk Score was added to NAR’s Green MLS Toolkit. And, as a RETS compliant data point, Walk Score is now easier than ever for MLS to add to their systems.
“The RESO Data Dictionary evolves in response to home buyer demand. Walk Score is a great addition to the Dictionary because home shoppers are increasingly looking for walkable places to live. Walk Score makes it easy to quickly evaluate whether a house is located near food, shopping, parks, schools and other neighborhood amenities. And since homes save so much energy from location efficiency, Walk Score is a natural choice to include. Data fields like Walk Score also appear in the Green MLS Toolkit, increasing standardization and making it easier for local MLS to add,” said Laura Stukel, REALTOR L.W. Reedy Real Estate and manager of Elevate Energy’s Value for High Performance Homes Campaign.
I’m also pleased to share that Patent No.: US 8,738,422 B2 “Systems, Techniques, and Methods For Providing Location Assessments” (aka Walk Score) issued earlier this year. Congratulations to Walk Score founders Matt Lerner, Jesse Kocher and Mike Mathieu. This is great recognition for their industry leadership and insight into the importance of measuring the walkability of every address, neighborhood, zip code and city.
Here’s to helping more people find walkable places to live!