What is an example of a physical influencer on real estate value?

The presence of neighborhood amenities is indeed an example of a physical influencer on real estate value. Physical influencers refer to tangible aspects of an area that can directly affect property values, such as parks, schools, shopping centers, and public transportation. These amenities enhance the quality of life for residents and can make a neighborhood more desirable, leading to increased demand for properties in the area. For instance, a home located near a well-maintained park or good schools may command a higher price due to the perceived benefits these amenities offer to potential buyers.

In contrast, factors like the local unemployment rate, historical appreciation rates, and the economic condition of the region are more abstract and relate to economic and market conditions rather than tangible features of the property or location. These elements can influence real estate indirectly, by affecting buyer confidence and purchasing power, but they do not represent physical aspects of a neighborhood that can be observed and assessed directly.