Weekend closures, lane restrictions impact SR 99, I-5 and I-90

Home buyers willing to fork over more near top-rated schools

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

home salesHome buyers are willing to fork over premium prices to live in a top-ranked school district, according to a new study from Redfin. Buyers are spending an average of $50 more per square foot for homes near top-notch schools. The price difference even applies to homes in the same neighborhoods.

“Homes just a short distance apart with nearly identical attributes are selling for drastically different prices,” the report says. “We’ve looked across the country at homes that have sold in the last three months and found five examples where prices vary on identical homes by as much as $130,000.”

Coastal California is where home buyers pay the biggest difference to live near top-ranked schools. Seattle comes in 8th on the list.

Read more from the study here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s