Pocket Neighbourhood
- 6 days ago
- 2 min read
Understanding the intrinsic value of a pocket area
A pocket neighbourhood in realtor terms means a distinctive zone in a neighbourhood that carries desirable traits. It is inspired by the architect Ross Chapin's coined phrase of a pocket neighbourhood for a co-housing design he created specifically to boost community.
As realtors, we are always on the lookout for resale value for our clients, and we recommend properties in pocket neighbourhoods when possible. It can be a subtle micro-area within a neighbourhood that is more carefully designed with a higher level of nuanced livability.
10 characteristics of a pocket neighbourhood that increase value, stemming directly from urban designs that remove street clutter, reduce traffic and offer increased safety.
Detached homes for lower density
Larger front lawns for more outdoor activities
Mature trees for shade and coverage
Well-tended fences for curb appeal
Off-street parking for safety, community and curb appeal
Backing onto or facing a large green space for more views and nature
Alleyways or backyard lanes to hide garage, home and landscaping work
Wider streets for safety and more privacy
Cul-de-sac, close or circle for less traffic
Distance from major roadways for less noise and detours
Properties in a pocket neighbourhood can be more in demand when comparing homes in the same area. Pocket value can be layered, and it takes a skilled eye to notice the different levels of livability, value, and pricing within a street of one another.
Finding a pocket home in your budget is the best way to try and keep your equity as stable as possible. Eventually selling a home on a nice quiet close can be the difference between months of multiple price drops or selling for ask or over in a few days.
Hire us to get the most value and livability for your home. We look at listings from a macro and micro standpoint, zooming out for pockets and zooming in for overall quality.
