Tuesday, September 02, 2008

Pedaling Homes In A Biker's Market

From The Huffington Post:

With gas prices high, bicycles flying out of stores and a buyers' market for houses, a handful of real estate agents around the country are touting the two-wheeled appeal of their listings.

Some even show houses exclusively by bike, wheeling through the neighborhood with potential buyers to show off bike lanes and bike-focused businesses and repair shops.

...Real estate agents and industry surveys indicate that home buyers are placing more importance on cutting their gas bills and commute times and that homes near urban centers, and subway, train and bus stops are selling faster than those in the distant suburbs.

"Living out in the suburbs just isn't a big deal anymore," says Matt Kolb, a bike agent who owns Pedal to Properties, a Boulder, Colo., firm. "People want to live, work and go to school within a six blocks radius _ that's changing the way they look at property."

Pedal to Properties has five agents and a fleet of 48 cruiser bikes and big plans for nationwide expansion. Next year, the company will stretch into Oregon and Texas.

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