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Q: Real data on impact of Wal-Mart Supercenter on surrounding property values. ( No Answer,   2 Comments )
Question  
Subject: Real data on impact of Wal-Mart Supercenter on surrounding property values.
Category: Business and Money
Asked by: blackrock-ga
List Price: $10.00
Posted: 11 Jan 2005 19:11 PST
Expires: 04 Feb 2005 10:24 PST
Question ID: 455838
I've found a lot of webpages with people complaining in a speculative
way about what happens when a Super Wal-mart opens nearby.  Sometimes
they complain that it is a blight and drives down property values,
other times they complain that it drives up their values and thereby
their taxes.  None of this seems to be backed by any data.

My hunch would be that a Wal-mart Supercenter might drive down the
price of immediately surrounding residential property, but might
increase the value of residential property located slightly more
distant due to the improved shopping it brings.

What I'd really like is documented data for what happens to
residential property values in a roughly five-mile radius around a new
Wal-mart Supercenter.

The successful answer to this question will provide links to actual
studies or news reports on the true impact that a Wal-mart Supercenter
has on nearby residential property in the several years after opening.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Real data on impact of Wal-Mart Supercenter on surrounding property values.
From: littlerubberfeet-ga on 12 Jan 2005 12:25 PST
 
Some interesting tidbits:

msucares.com/pubs/misc/m1283.pdf

The Walmart commissioned SoCal study:

www.mayocommunications.com/2003LAEDCIMAGES/Wal-Mart%2520Supercenters%2520-%2520What's%2520in%2520store%2520for%2520Southern%2520California.pdf+WalMart+supercenter+economic+impact&hl=en

MetaSite of WalMart studies:

http://www.newrules.org/retail/econimpact.html

hope this helps
Subject: Re: Real data on impact of Wal-Mart Supercenter on surrounding property values.
From: blackrock-ga on 13 Jan 2005 07:32 PST
 
Interesting data - but hard to glean out the impact on residential
property values in the surrounding neighborhood.  More emphasis is on
impact on competing commercial property...

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