Can A High School Impact The Real Estate Market?

By
Real Estate Agent with Joe Manausa Real Estate 8508880888
http://actvra.in/D7Y

Homes For Sale In Chiles High School ZoneI saw this question about homes zoned for Chiles High School on a forum the other day, and before I could answer it, another forum member pointed them to the Tallahassee Real Estate Website. How cool is that!

Apparently, some people think Chiles is the best high school in town, but I can tell you as a true red-blooded Leon High School grad, there are those of us with different opinions! My daughter now, and my sons later, are Leon Lions.

But back to the forum question, the reader was looking for homes zoned for Chiles High School and wrote:

Hi, We may be relocating to Tallahassee and I'd like to know what neighborhoods would be zoned for Chiles High. That seems to be the best high school in the area. I read about Killearn, but are there others that are also zoned for it? Thanks! - ELC

But it got me thinking ... (scary huh?)

Would people like direct links to sort by school zones? For example, you can find all 364 homes for sales in the Chiles High School zone with the click of a single link. Is this of value to our readers?

YTD Sales Of Homes Zoned For Chiles High School

As far as home values go, the sales of homes zoned for Chiles High School looks good. Values are moving contrary to the rest of the market (though this is only comparing sales through June each year, and year end numbers might show a different trend).

homes zoned for Chiles High School Century 21 Manausa and Associates 1140 Capital Circle SE #12A Tallahassee, FL 32301 (850) 366-8917 www.manausa.com

 


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Re-Blogged By Re-Blogged At
  1. Joe Jackson 06/28/2012 12:24 PM
Topic:
Home Buying
Location:
Florida Leon County Tallahassee Killearn Lakes
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tallahassee home sale
school zone tallahassee
chiles high school tallahassee
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Ambassador
1,444,478
Liz and Bill Spear
RE/MAX Elite 513.265.3004 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Joe, We see similar behavior here.  School districts drive buyer selection and property values are closely related.  We're fortunate that most of our county's school districts are very good.  Posts we've done related to schools seem to get a lot of consumer views and even some direct contacts to us.

June 28, 2012 03:21 AM #1
Rainmaker
767,613
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

That's great Liz and Bill, I'm hoping to find the same thing here.

June 28, 2012 03:22 AM #2
Rainmaker
1,847,844
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes good school districts help in increasing property values. Even those who do not have kids in school like to buy in certain school districts because they feel it will be easier to sell.

June 28, 2012 03:34 AM #3
Ambassador
1,321,019
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Joe,

I have a lot of buyers who direct me to look for homes in a particular school district. The danger around here is that schools are re-districted pretty frequently due to over crowding. You can't project that into the future. 

I'm not sure whether school districts drive prices, or higher priced neighborhoods just have better schools.

Rich

June 28, 2012 03:41 AM #4
Anonymous
Anonymous
Anonymous
Great blog and great job. Keep up the good work and good luck to you this year. Thanks.
June 28, 2012 03:44 AM #5
Rainmaker
784,786
Paula McDonald
Chevaux Group, PLLC - The Woodlands, TX
CHEVAUX Group ~ The Woodlands, TX 936-203-0279

Our school districts here do dictate a lot about the real estate market.  The better schools command better real estate prices.

June 28, 2012 04:12 AM #6
Rainmaker
1,078,011
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

New residents in a DESIRABLE new townhouse complex in our are going to be sent to another elementary school this September * growth was expected in the area that did not happen so they are REdirecting new students.  This will impact renting and selling in the project

June 28, 2012 04:44 AM #7
Rainer
159,329
Edward Gilmartin
Boston Homes - Boston, MA

Schools mean a lot for families but for those without children they often just mean higher property taxes.  But either way it is unwise to buy in districts with underperforming school unless you are just buying a vacation home.

June 28, 2012 04:58 AM #8
Rainmaker
969,507
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Melbourne, FL
Personal Service, always.

Schools are a major force in real estate decision making even if the buyer has no school age children.  The reason - good schools impact home value.

June 28, 2012 05:09 AM #9
Rainmaker
891,836
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Joe, the same here. School districts seem to drive buyers into specific areas.

June 28, 2012 06:21 AM #10
Rainmaker
1,208,142
Richie Alan Naggar Author PEARLS SERIES of books
People first then business! Ran Right Realty Riverside, Ca - Riverside, CA
on LIFE and LOVE plus Real Estate too!

Good subject to bring to the awareness...Yes to your post. Everyone around my neck of the woods knows the premiere High School as well as they know their own name

June 28, 2012 06:50 AM #11
Rainer
222,715
Carie Shapiro
Managing Broker-IL; Pre-License Instructor-IL; Broker-TX - Chicago, IL

I agree with the other commenters here.  A desirable school district is an important element in the home buying decision.

June 28, 2012 07:22 AM #12
Rainmaker
591,409
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Our local high school is called New Trier - people absolutely want to live within the borders of this school district.  I have people contact me all the time with that request.  As the #1 public high school in the state, it has helped keep property values up.

In fact, about fifteen years ago there was discussion about splitting the school in two because of overcrowding.  That idea was roundly defeated - partly because people living in what would be the "new" high school were very unhappy about what it would do to property values.  Scary but true.

June 28, 2012 07:30 AM #13
Rainmaker
313,610
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Hi Joe, area schools certainly drive residents to a particular area, for sure. They only want to live within certain districts. And some homes are directly marketed as being is "x" school district.

June 28, 2012 07:47 AM #14
Rainmaker
521,645
Maria Morton
BHG Real Estate - Kansas City Homes - Kansas City, MO
Kansas City Real Estate 816-560-3758

Joe, in the Kansas City area, schools definitely effect buyer preference & home values.

June 28, 2012 08:15 AM #15
Rainmaker
1,252,507
Carla Muss-Jacobs, Principal Broker/Owner
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% o... - Portland, OR
Buyer Focused ~ Buyer Results

Great post with tons of info going on.  Hope you're including this in the AR hyperlocalism -- PERFECT example of mixing in a FAQ, with your local knowledge and nice graphic.

June 28, 2012 01:43 PM #16
Rainmaker
546,469
Gary Frimann
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
California Broker and REALTOR

We have about 4 or 5 really good high schools here in SIlicon Valley-- they always make the top 500 list for the nation.  Prices are outrageous there, and people move from all over the world just to get thied kids into one of those schools.  They don't buy a house, they buy into a school zone.

June 28, 2012 09:31 PM #17
Rainer
27,873
Brian Park
Park Realty Investments - Murray, UT

Add me to the list of school advocates. I purposely lived in the Cupertino School District in Silicon Valley when my kids were in school even though I wanted to live elsewhere. When it came time for them to start high school I moved to a district and school in the east bay that seemed to place a higher percentage of students into U.C, Berkeley where they wanted to go. The luckiest thing I did by accident was buy the house next door to the dean of admissions. my plan worked.

Go Cal !!! Plus resale values were always good when I moved.

June 29, 2012 11:43 AM #18
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Rainmaker
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Joe Manausa

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