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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....
Katina Hargrove 352-55...
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.
Katina Hargrove 352-55...
Fred Griffin Tallahass...
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.
That played a major roll in our decision process.
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.
Stevens Point, WI
Absolutely it does!
That, my friend, is a no brainer in this business!
It can absolutely be a determining factor.
They most certainly do, to what extent is entirely another study though.
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
Fred Griffin Tallahass...
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
Through the Demand it causes (vs. Supply).
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.
Absolutely. When schools don't perform well, people move.
Nathan Gesner, in our area, definintely!
Yes. Bad public schools has a negative impact.
In the Denver market, it sure does.
In my area it doesn't matter. There aren't any choices.
Absolutely. We have one school zone that is highly requested and prices keep going up at a faster rate than other parts of town.
Yes, even if there are no children who need the system.
Not just yes but, hell yes! In our area, the #1 buyer preference, whether or not they have children, is school zones - by FAR!
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.
Some but ot all that much in my area.
Even if the data is dated and incorrect it affects the prices...
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
it absolutely adds value in my area....
Abolutely, but it's not something we can discuss as realtors; can only refer to objective sources of information.
Yes. That is how our little community became know nationally.
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.
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.
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.
Yes, every year we have buyers that ask about the schools or, will target specific schools/districts.
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.
Absolutely. In my area I know they do.
It sure does.
I know in Denver, Co. and surrounding area it does.
Most likely yes since most "good" schools tend to be in neighborgoods (<-- like that?) with high home values
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.
Many buyers do prefer to live in certain school pyramids, and are willing to pay more for a home in those districts.
Nathan Gesner Yes, many buyers choose their home location by school district.
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!
Yes, absolutely. And, this has been written about by a number of publications.
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.
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.
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.
Without a doubt.
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.
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.