A new federal report studying whether there are documented benefits to so-called “smart-growth communities” included two Huntersville communities in its research.
The report, called “Market Acceptance of Smart Growth,” included “case studies” on Birkdale Village and Vermillion, and as a part of each study, researchers compared the “smart-growth” development with a comparable “conventional suburban development.” In Huntersville, researchers compared Birkdale with Hampton Ridge and Vermillion with McGinnis Village.
The report found that units in smart-growth communities, including the two in Huntersville, fared better in resale than their conventional counterpart.
The report concluded in part: “The data analysis supports the hypothesis that smart0growth products perform as well as, if not better than, their conventional suburban counterparts. Of the 21 comparisons generated for housing units in the 36 developments (18 smart growth, 18 conventional suburban), the smart growth housing units outperformed their counterparts on resale price in 10 of the studies, while the conventional suburban housing units outperformed in six of the studies. The remaining projects demonstrated resale performance that was roughly equivalent or was inconclusive.”
See the complete report by clicking the link below.
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