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

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

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE#70000218/ Office BRE# 0149900

 

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The Caton Team is proud to announce that Prudential California Realty – Pearson Properties will soon become Berkshire Hathaway Home Services – Drysdale Properties

Well it is official – Warren Buffet has blessed his Real Estate Company with his brand name. Prudential California Realty – Pearson Properties will soon become Berkshire Hathaway HomeServices – Drysdale Properties. We couldn’t be happier to have Warren Buffet as our new boss.

Our broker selected the name Drysdale for the following reason…

What Does Name “Drysdale” Mean

You are strong in material matters, determined and stubborn. You have good business ability. You are a good worker, steady and practical, a builder who takes responsibility well. These qualities may bring you a position of authority and power. You are a doer, down-to-earth, serious-minded, reliable, and self-disciplined; have good power of concentration. You are inventive, intuitive and extremely methodical. Since your will is so strong, you are hard to convince. You also dislike advice. You love beauty and philosophy, and you desire achievement. You have a strong need for freedom – physical, mental and spiritual.

You are very intuitive. You have a reservoir of inspired wisdom combined with inherited analytical ability, which could reward you through expressions of spiritual leadership, business analysis, marketing, artistic visions, and scientific research. Operating on spiritual side of your individuality can bring you to the great heights, and drop you off if you neglect your spiritual identity. You are always looking for an opportunity to investigate the unknown, to use and show your mental abilities, to find the purpose and meaning of life. You want to grow wise and to understand people and things. You need privacy to replenish your energy. You have a unique way of thinking, intuitive, reflective, absorbing.

The Caton Team is definitely Drysdale material and we look forward to this change.

When Warren Buffest invests in real estate – the world listens. We knew for some time that “The Rock” which is Prudential California Realty wanted to get out of real estate and focus on selling insurance. Mr. Buffet took this opportunity to put his money where his mouth is and bought Prudential Realty – you will soon see new signs pop up in the area – and know we’re the San Francisco Peninsula’s Berkshire Hathaway HomeServices Team!

The Caton Team is excited to be part of the Berkshire Hathaway Brand and we look forward to the positive changes in the market place. Stay tuned!

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

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

Email Sabrina & Susan at: Info@TheCatonTeam.com

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

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

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

VISIT OUR NEW INSTAGRAM PAGE: http://instagram.com/thecatonteam

Visit us on Facebook:   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: http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

Connect with us professionally at LinkedIn: 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 – Sabrina

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

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE#70000218/ Office BRE# 0149900