Santa Barbara Real Estate

"Practicing the Fine Art of Real Estate"

Santa  Barbara  Real  Estate header image 2

Your School District Could Affect Your Property Values

August 20th, 2014 · No Comments · American Riviera, Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate

SELLERS ASK FOR 30 PERCENT MORE FOR HOMES IN TOP PUBLIC-SCHOOL DISTRICTS
Private schools can be pricey, but so can homes in top-rated school districts, a recent study found.

In an Aug. 13 blog post  Trulia Chief Economist Jed Kolko found that asking prices for homes in a school district with a GreatSchools rating of nine or 10 were 32 percent above average. On the other hands, asking prices were 41 percent below average in areas with GreatSchools ratings of one or two.

Kolko points out that although buyers who don’t pay private-school tuition can afford a much pricier house, in the long run, education isn’t cheap.  “The hard truth is that both can cost an arm and a leg,” he wrote.

Simply, what sells a home is 1. Condition of property 2. Zip Code (Location, location, location), and 3. School District. Whether you have children or not, when you get ready to sell your home School Districts are a critical valuation for prospective buyers.

3SBSchoolPhotoArches2014

Santa Barbara Homes For Sale

Map of Santa Barbara Schools with Zoomify!

Goleta School Map with Zoomify

Santa Barbara Local Online News with

Noozhawk and Edhat of Santa Barbara

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Tags: ··

No Comments so far ↓

There are no comments yet...Kick things off by filling out the form below.

Leave a Comment