Property Values on RMS
(data below compiled by Christine DiCarlo, Remeo Reality as of May 1st 2023)
Home prices on Main St. versus 1-2 blocks off Main St. shows substantial differences
The average sale price of a home on RMS is $776/sqft
The average sale price of a home off RMS is $908/sqft
There is a roughly 17% increase in home value by not being on RMS
This RMS Improvement Project is not motivated by the hope of making home prices on RMS equal to surrounding comparable streets
However, we do feel that an overall improvement in the utilization, functionality, and safety of RMS could provide a measurable increase in home value for those residents living on RMS
This would clearly be a side benefit to an overall improvement in our Main St. and a reason that all of us could benefit by working together with the city of Huntington Beach