One of the biggest indicators of VALUE when people sell their homes…
It’s the school district!
Homes in sought-after school districts are \*always\* in demand.
It makes sense why:
1) School quality and reputation
Great schools attract families with school-aged children. 42% of buyers ages 31-41 — those most likely to have young children — are influenced by school district quality.
2) Property values
Homes in high-performing suburban school districts are valued 49% higher than the national average.
3) Demand and market dynamics
Areas and neighborhoods in desirable schools experience higher demand, multiple offers and quicker sales — 8 days quicker on average.
4) Appraisal value
Appraisers consider nearby schools when assessing property value. A positive school reputation can support higher appraisals and market value.
5) Neighborhood stability
School quality adds to neighborhood stability, drawing long-term homeowners willing and ready to invest in the community.
Questions? Let’s connect – I’d love to show you what your home is worth.
| DEBBIE SPENCER GROUP |
| REALTOR®, CRS, SRES |
| m: 617-285-7300 t: 781-860-7300 e: debbie@thedebbiespencergroup.com |
| 1 Militia Drive, Suite 204, Lexington, MA 02421
|
Sources:
School District Impact On Home Value | CrossCountry Mortgage.
Home Appraisal: What It Is And Why It Matters
Great Schools Mean Great Communities – COMO Magazine.