Better Schools EQUAL Higher Home Values

Better Schools EQUAL Higher Home Values

Home buyers will pay a premium for high quality schools. 

Stating the obvious, but now there is research! 

Finally some research on something we Agents have known a long time!   Home buyers will pay a premium for high quality schools. This past summer, Redfin the national web-based real estate company from Seattle compared home sales from neighborhood to neighborhood by square foot, even more particularly homes within the same neighborhood but different schools, and found the homes with the high quality schools sold on average for $50/sf more than their more "average" counterparts.

 Using MLS data to calculate median sales prices (as we do here often) they were able to identify "Homes just a short distance apart with nearly identical attributes are selling for drastically different prices"

Trying to improve your home's value? Support your local public school!


Housing equity rose 30% or more than $2 Trillion dollars over the past year

Home purchases rebounded, prices rose, and mortgages defaults continued to decline.   This rise is value is a relief to homeowners and the Realtor's trying to help them move on to their next stage in life.  It contributes to rising consumer confidence, and rising optimism about future home prices.   

In other news,  US Home Builder confidence rose to 60 in July, 2015, the highest rate since 2005 according to the NAHB ( National Association of Home Builders) )  And we here in the South are just kicking it with 58% of the house sold through August according to the National Association of Realtors

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We help buyers and Sellers throughout our MLS region. The greater Charlotte area is not a terribly large one, and we have 3 main offices, one in the north, one at Southpark and one further south on the edge of Union County.   Happy House Hunting from the McDonald Group

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Phone: 980-322-5117
Dated: December 17th 2015
Views: 333
About CherylAnne: A bit about CherylAnne: Being a REALTOR® is a perfect match for her global experience, knowledge a...

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