As the saying goes, a picture is worth a thousand words. This morning’s graphic in the Charlotte Observer was clear: property values have increased in downtown areas, while they’ve languished in the suburbs.
The reddish-orange blocks on the graphic show where tax values have increased by about 50% over the past 8 years. These areas are predominantly downtown Davidson and downtown Charlotte.
Conversely, the lighter blues represent areas with little change in values, or even declines. Without exception these locations are in the suburbs and near interstate highways. In other words, not in pedestrian-friendly areas.
More and more people are wanting to get out of the car and get on their feet. Walkable locations such as downtown Davidson allow you to do just that. Downtown areas are unique, and unlike cookie-cutter suburban neighborhoods you can’t replicate a downtown area.
While it may cost more to get into a walkable area, simple supply and demand dictates that over time the pedestrian friendly location is the best investment.
For a partial list of things to do in downtown Davidson, please check out the ‘A Five Minute Walk’ section on our site. Thank you!