Nathan Gesner, Broker / Property Manager (American West Realty and Management)

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Rainmaker
3,408,766
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

In my market a good public school adds value to the homes, especially since the private schools are well let's say in some markets the price of a home....

Jan 27, 2017 10:45 PM
Rainmaker
3,507,090
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Absolutely... big difference in home values in my market for top rated schools versus those that are only average or below average. And let's not forget about demand, separate from prices.

Jan 28, 2017 04:55 AM
Rainmaker
1,596,830
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Yes, I do think so. More families and parents will want to buy in a place with good public schools, stimulating demand, and more families will want to stay in place while children are in school, reducing inventory.

Jan 28, 2017 04:06 AM
Rainer
500,976
Noel Mayer
FAIRMOUNT REALTORS - Montclair, NJ
YOU WILL BE RIGHT AT HOME WITH NOEL

Yes

That played a major roll in our decision process.

Jan 28, 2017 01:57 AM
Ambassador
4,768,572
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It does for me, we moved back to Wisconsin many years ago so that we could be in a place with a top notch education system.

Jan 27, 2017 09:59 PM
Rainmaker
1,593,553
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Absolutely it does!

Jan 29, 2017 06:58 AM
Rainer
212,763
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

That, my friend, is a no brainer in this business!

Jan 29, 2017 04:07 AM
Rainer
212,643
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

It can absolutely be a determining factor.

Jan 28, 2017 12:02 PM
Rainmaker
1,052,449
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

They most certainly do, to what extent is entirely another study though.

Jan 28, 2017 08:24 AM
Rainmaker
1,093,053
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Palo Alto High  2000 sf =$3,250,000

Cupertino High 1985 sf=$2,750,000

Oak Grove High 2200 sf=$875,000

Gilroy High         2400 sf=$750,000

Gangster High    2000 sf=priced reduce again!

Hollister High    2350 sf=$605,000

Salinas High      2200 sf=$590,000

 

Jan 28, 2017 07:17 AM
Rainmaker
3,186,452
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It sure does just as a bad school will lower values. When people move to my area, the number 1 request for families with kids is to be in the good school areas

Jan 28, 2017 05:05 AM
Rainer
149,806
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Yes, absolutely.

Jan 28, 2017 04:13 AM
Rainmaker
1,918,026
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Through the Demand it causes (vs. Supply).

Jan 28, 2017 03:46 AM
Rainmaker
3,066,356
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

yes

Jan 28, 2017 02:49 AM
Rainmaker
1,506,627
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Absolutely, I'd never doubt to it, yet, the houses right across some schools might face some challenges, since it is a lot of traffic during pick up/drop off time.

Jan 28, 2017 12:17 AM
Rainer
258,899
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Absolutely.  When schools don't perform well, people move.

Feb 26, 2017 09:02 PM
Rainmaker
58,657
Beth Bromund
Coldwell Banker Weir Manuel - Rochester, MI
REALTOR (248) 651-3500

Nathan Gesner, in our area, definintely!  

Feb 26, 2017 04:04 PM
Rainmaker
1,279,428
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Yes. Bad public schools has a negative impact.

Feb 03, 2017 01:39 PM
Rainmaker
4,394,890
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In the Denver market, it sure does.

Jan 31, 2017 12:55 PM
Rainmaker
698,074
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Absolutely!!!  

Jan 30, 2017 04:39 AM
Ambassador
2,209,980
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

In my area it doesn't matter. There aren't any choices. 

Jan 29, 2017 05:15 PM
Ambassador
3,985,382
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Absolutely. We have one school zone that is highly requested and prices keep going up at a faster rate than other parts of town.

Jan 28, 2017 09:15 PM
Ambassador
3,212,229
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Yes, even if there are no children who need the system. 

Jan 28, 2017 08:56 PM
Ambassador
3,724,720
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Not just yes but, hell yes!  In our area, the #1 buyer preference, whether or not they have children, is school zones - by FAR!  

Jan 28, 2017 08:54 PM
Ambassador
4,306,997
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Nathan Gesner - most of the time, this is one of the maor factor for prices in specific town - and at times, specific area of a town, too.

Jan 28, 2017 08:05 PM
Rainmaker
3,985,581
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Some but ot all that much in my area.

Jan 28, 2017 08:02 PM
Rainmaker
142,596
Diana White-Pettis
Bennett Realty Solutions - Upper Marlboro, MD
GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale

Absolutely.

Jan 28, 2017 07:55 PM
Ambassador
3,313,185
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Even if the data is dated and incorrect it affects the prices...

Jan 28, 2017 04:15 PM
Rainmaker
4,933,949
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nathan, 

In Montecito, it adds over $100,000 grand to the price of the home if you are in the district boundaries, and it also adds additional taxes...A

Jan 28, 2017 03:28 PM
Rainmaker
5,398,061
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it absolutely adds value in my area....

Jan 28, 2017 03:26 PM
Rainmaker
776,542
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Abolutely, but it's not something we can discuss as realtors; can only refer to objective sources of information.

Jan 28, 2017 02:02 PM
Rainmaker
864,106
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Yes. That is how our little community became know nationally.

Jan 28, 2017 01:16 PM
Rainmaker
3,685,191
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Although there are some anomalies in my market, having access to a good public school has a positive impact.   Of course, how is "good" defined -- I cite the source.  Most people who want/need to know seem to be very aware.   

Jan 28, 2017 12:26 PM
Rainmaker
2,752,059
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Absolutely!  It's especially important in our area, and we have some great schools.  I would guess this impacts the average price by $300,000-$700,000.  Of course, that's not the only factor.

Jan 28, 2017 10:30 AM
Rainmaker
1,308,072
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

OH YES!!!  We have one are in particular with a top performing school that people fight to homes in.  They actually can get 10-20k more than homes across the street because of that school.

Jan 28, 2017 10:21 AM
Rainmaker
541,245
Alexander- Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Realty Team- Vancouver WA Real Estate

Yes, every year we have buyers that ask about the schools or, will target specific schools/districts.

Jan 28, 2017 09:28 AM
Rainmaker
795,876
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

For the most part yes.  In my area we have three main districts and people tend to search more predominately by district not specific schools, which encompasses a large area of the city/valley, but there are definitely desirable neighborhoods based on the schools, especialy high school.  I think in some cases the area was desireable first and then they had more money to throw at the schools and the "goodness" of the public school and reputation came later.  What is considered a good school is so subjective.  I sort of hate the question about "what schools are good."  I chose to put my child in a school with terrible ratings on greatschools.org instead of the charter school with great ratings and her school is awesome from my perspective and she will have skills nobody else will that didn't go to that school.  But, in my wordiness, really the answer to your question is that the perception of a good school, yes, in general affects prices.

Jan 28, 2017 09:06 AM
Rainmaker
2,888,301
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Absolutely. In my area I know they do. 

Jan 28, 2017 08:56 AM
Rainmaker
3,496,061
Richard Weeks
Dallas, TX
REALTOR®, Broker

It sure does.

Jan 28, 2017 08:39 AM
Rainmaker
3,485,907
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I know in Denver, Co. and surrounding area it does.

 

Jan 28, 2017 08:07 AM
Rainmaker
883,176
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Most likely yes since most "good" schools tend to be in neighborgoods (<-- like that?) with high home values

Jan 28, 2017 07:50 AM
Ambassador
2,470,382
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    Yes, so-called "good" Public/Government schools definitely affect home prices.  The State of Florida issues a School Accountability Report for each school.  The "A" school districts are in high demand, which  drives home prices up.

 

Jan 28, 2017 07:27 AM
Rainmaker
791,537
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Many buyers do prefer to live in certain school pyramids, and are willing to pay more for a home in those districts.

Jan 28, 2017 06:48 AM
Rainmaker
1,053,599
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Proven YES!

Jan 28, 2017 06:44 AM
Rainmaker
1,412,327
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Nathan Gesner Yes, many buyers choose their home location by school district.

Jan 28, 2017 06:26 AM
Rainmaker
3,647,673
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Without any doubt. Just look at the number of listings from all over the country that boast of the best school district! Too many to count!

Big deal in the downtown Chicago area!

Jan 28, 2017 06:24 AM
Rainmaker
4,798,831
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, absolutely.  And, this has been written about by a number of publications.

Jan 28, 2017 06:20 AM
Ambassador
2,849,113
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

In my area, absolutely.  The exact same home may sell for 50k more just a few miles away because of a difference in perception about school systems.

Jan 28, 2017 06:10 AM
Rainmaker
823,160
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

You bet!

Unfortunately, the measure of good is changing. 

There are many chances in the works, but the most blatant, mentioned in the blog linked above, is disappointing.

Jan 28, 2017 06:02 AM
Rainmaker
144,616
Julie Larson Realtor® Sarasota FL 941-882-0322
PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

I would think that being in a high rated school district would impact the home values in a positive way. Especially if there's a low inventory of homes in that particular district. 

Jan 28, 2017 05:56 AM
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I'm not sure if being close to a "good" school, not only public but Catholic as well impacts the pricing.. but it does make it more desirable for families who are looking to move into neighbourhoods where the schools are highly ranked.  I am working with  a Buyer right now who will only look in a particular school catchment area because of school rankings. Meeting up with her at 11:00 a.m. today to look at a few homes... nice prince range too  $1,000,000 - $1,250,000.. Wish me luck!  and btw, those prices have nothing to do with the schools.. its our crazy market.. low inventory.. supply and demand pricing.

Jan 28, 2017 05:47 AM
Rainmaker
2,559,706
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Most definitely....

Jan 28, 2017 05:45 AM
Ambassador
1,706,708
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Without a doubt.

Jan 28, 2017 05:32 AM
Rainmaker
443,820
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

Absolutely!   Parents of school-age children almost always list "good schools" as one of their top considerations.  The exceptions are those whose children are home-schooled or private-schooled -- but in our area, most people opt for public educaiton.

Jan 28, 2017 05:28 AM
Rainmaker
1,620,491
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Yes, I have seen it here in my area. When a school gets an award or ends up in a higher percentile for math, etc. it impacts the prices. More people want to live in that area's district.  

One school in my area did a math & science contest of sorts to elevate girls scores & they left the boys in the dust.  Every girls home brought home a sign which they stuck in the ground in front of their house - very impactful. I loved seeing it.

Jan 28, 2017 05:09 AM
Rainmaker
1,321,697
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Yes.

Jan 28, 2017 05:04 AM
Rainmaker
4,432,941
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

yes

Jan 28, 2017 04:57 AM
Rainmaker
5,899,395
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Absolutely.

Jan 28, 2017 03:51 AM