Real estate prices in Reinbek are influenced by several key factors. Proximity to Hamburg plays a significant role, as many people seek residential areas that offer easy commuting options to the city, thus raising demand and prices in the area. The quality of local schools, such as the Reinbek School and the nearby Gymnasium, also affects property values; families prioritize neighborhoods with reputable educational institutions. Additionally, the availability and quality of public services, such as parks, healthcare facilities, and transportation options, can impact desirability and thus influence pricing. The architectural character of the town, with its mix of historic homes and modern developments, also contributes to the market appeal. Local economic conditions, such as employment rates and average income levels, further affect real estate values, as higher earnings often correlate with greater purchasing power. Lastly, market trends and property turnover rates can create fluctuations in pricing, with competitive bidding situations contributing to rapid price increases in popular neighborhoods.