On Feb. 26, San Antonio realtor Alex Perches posted a listing on Facebook for a home at 206 Northaven St., just south of the cluster of hospitals that makes up the South Texas Medical Center on the city’s North Side.
In addition to its four bedrooms, three bathrooms, and 2,500 square feet, the home had another valuable asset: It did not lose power during the winter storm that hit Texas the week before. Perches was among a handful of realtors across state posting on social media in February with the hashtags #hospitalpowergird or #firestationpowergrid.
These realtors had figured out that local power grids across Texas were more vulnerable than many residents had realized. Not only that, but different parts of each grid could be shut off deliberately, while others maintained power. When forced to cut electricity demand by record amounts to keep the entire state’s grid from collapsing, utilities shut off power to an estimated 4 million Texas households.
A few observers were quick to recognize the potential of the connection between reliable power and property values. In a Facebook post, one North Texas realtor predicted power reliability as the “next trend in Texas real estate.”
“Across the state, we are seeing listing agents promoting properties as being near a hospital, near a fire station, and in more reliable grid locations than other properties,” said Marvin…