Top School Districts Lift Home Prices

Top School Districts Lift Home Prices

 

Homes within highly rated school districts tend to have a higher median sales price, sell for a greater percentage over the list price, and sell faster, according to a new study by the real estate brokerage Redfin.

Highly rated public schools were found to have homes with a median sales price of $474,900 compared to $290,000 in an average-rated school zone. Redfin researchers also found that homes in top school districts are more likely to sell for 30 percent above the list price versus 23 percent. They tend to sell faster too: A median of 25 days on the market versus 21 days.

Homes in top-level school districts can be more difficult to come by, the study shows. For every 100 homes in a neighborhood, on average, only 5.8 were on the market in the past year compared with 6.5 for the greater metro area.

Redfin analyzed test score data from GreatSchools ratings, provided by Onboard Infomatics, in 22 major metro areas to determine the neighborhoods that have the most highly rated public schools. Redfin also included data on median sales price, and the percentage of homes that sold above the asking price.

The following metros have some of the top rating averages from GreatSchools, and listed below them are the top three neighborhoods containing the most highly rated schools within each metro. (For the full list of 22 metros and the top schools identified, visit Redfinโ€™s research blog.)

  • Orange County, Calif. metro area

Turtle Rock, El Camino Real, Northwood

  • Austin, Texas metro area

Steiner Ranch, Circle C Ranch, East Oak Hill

  • Long Island, N.Y. metro area

South Wantagh, North Syosset, North Baldwin

  • Seattle, Wash. metro area

Queen Anne, Ballard, Factoria

  • Phoenix, Ariz. metro area

Desert Ridge, Hillcrest Ranch, Ahwtukee

  • San Jose, Calif. metro area

Monta Vista, Blossom Hill, North Los Altos

  • Houston, Texas metro area

Shadow Creek Ranch, Kingwood, Sugar Creek

 

I read this article at: http://realtormag.realtor.org/daily-news/2014/09/12/top-school-districts-lift-home-prices?om_rid=AACmlZ&om_mid=_BUEz4EB88ZKvTn&om_ntype=RMODaily

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Proposed School Boundary Change

The Sequoia Unified School District proposed a boundary change. ย There was a meeting last night – please visit their website for updated information: ย http://www.seq.org ย orย http://www.seq.org/?id=131

Below is a map I obtained from their website with the proposed changes.

20140116-180815.jpg

 

I read this article at: ย http://www.seq.org/?id=131

Remember to follow our Blog at: https://therealestatebeat.wordpress.com/

 

Got Questions? – The Caton Team is here to help. ย 

 

Email Sabrina & Susan at:ย  Info@TheCatonTeam.com

 

Call us at: 650-568-5522ย  Office:ย  650-365-9200

 

Want Real Estate Info on the Go?ย  Download our FREE Real Estate App:ย ย http://thecatonteam.com/mobileapp

 

Visit our Website at:ย ย  http://thecatonteam.com/

 

Visit us on Facebook: ย ย http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

 

Yelp us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

 

Or Yelp me:ย  http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

 

Connect with us professionally at LinkedIn:ย  http://www.linkedin.com/profile/view?id=6588013&trk=tab_pro

 

Please enjoy my personal journey through homeownership at:

 

http://ajourneythroughhomeownership.wordpress.com

 

Thanks for reading โ€“ Sabrina

 

The Caton Team – Susan & Sabrina – A Family of Realtors

 

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE#70000218/ 01499008