How can revamped The Woodlands park impact property values? (Inman)

Photo Courtesy of Inman

By Erik Pisor

The Woodlands recently experienced a noticeable dip in luxury home values, with volatility in the oil and gas industries cited as the main reason.

According to Deal Sikes & Associates, Houston properties located more than 1,000 feet from a premier city park can receive a positive valuation impact of 5 to 10 percent. Those properties adjacent to quality parks can experience a more than 20 percent boost in value.

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