Finally some research on something we Agents have known a long time!
Conventional wisdom says The best schools correspond to the top (most expensive) neighborhoods. Of course many things affect home value, so research is difficult, however the best study was completed in 2013. They compared over 400,000 home sales in 57 metropolitan markets. National real estate company Redfin, in coordination with GreatSchools.org, compared similar homes with average schools versus similar number of bedrooms and baths in Excellent school districts. The conventional wisdom held true: Home buyers paid a premium for high quality schools (90th percentile and above). They found that home buyers were willing to pay an additional $50/sf on average for the high performing schools.
Here in Charlotte NC we see that in 28277, 28173 and other zip codes as well. And, sometimes it is just a school boundary line a half mile away. That is what makes schools so complicated in Charlotte, you have to know your way around.
Charlotte-Mecklenburg parents seeking high performing schools may also turn to the CMS Magnet Schools.
Park Road Montessori, Cotswold Elementary, World Language Immersion Schools, Elizabeth Traditional are just a few of the over 50 to choose from. These schools grant admission to any CMS student who applies, and completed the Expectation agreement. When over subscribed CMS uses a lottery to gain entry. They are some of CMS's highest performing schools. I know one family (at least) that enrolled their child in the Language Immersion school because they knew they'd be surround by other hi performing students and friends.
There are also a number of successful Charter schools in the greater Charlotte area too. These provide a 3rd way for a "great school experience" for your child, without paying the 10's of thousands of dollars for private school tuition.
Trying to improve your home’s value? Support your local public school!
The McDonald Group at Wilkinson ERA is a group of professionals, dedicated to helping our Clients win in real estate. Expert and honest advice, local area knowledge, and seriousness of purpose but with folks who don't take themselves too seriously. The founder Terry McDonald, was a builder for 20 years, and has been a broker for the last 13 years. Buying a home or selling, first home buyer or relocating to Charlotte,the McDonald Group is here to serve. Our client list includes first home buyers to luxury homes, professional athletes, business owners and physicians. From in town to South Charlotte, Lake Norman too, we know Charlotte.
The Group's core values are all about integrity and market expertise. We look out for their clients interest above all others. We are a learning organization, and big believers in training and lifetime learning. Sellers know us for our technological savvy, our aggressive marketing, and the ability to consistently beat the averages in Days on Market. Buyers love us, we never pressure anyone, yet were able to save our Buyer clients 44% off the market average in 2013- and now that the market has changed we win more than our fair share of multiple offer situations.
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"It was a great pleasure to work with Terry McDonald. English is not my first language so forgive any mistakes. The first time we met Terry was 5 ... more "
by polina katz
"I worked with Bobby on both buying and selling my home in Charlotte. He is so personal and cares about finding the perfect home for his clients! I ... more "
"Terry was exactly the agent we needed for our relocation from the New York area to Charlotte. We first explored a move to Charlotte a couple years ... more "
Wednesday November 8th, 2017
Terry with home sellers Bil
"Relocating to Charlotte from California, we were unfamiliar with the area. Bobby was more than accommodating when it came to showing us homes in different areas. He made us feel relaxed & was always patient with our energetic little ones! He helped us propose a fair offer on a beautiful home & we are indebted to him for the flexibility & know-how he exhibited through the whole process. We love Bobby!"