San Jose California - School Districts & Home Values Have A Strong Correllation
Posted Apr 28, 2008 @ 12:59 pm, Viewed by 221 Visitors, Read 228 Times.There is a strong correlation between home values and school districts. The areas with excellent schools are in great demand and selling. In fact, some areas of Cupertino have appreciated even in this sluggish real estate market plagued by foreclosures and negative press coverage.
Sales in Cupertino, Sunnyvale, Saratoga, Los Gatos are doing well in large part to their respective school districts. Students API score accoring to the Santa Clara County of Education gives high marks to these and other top schools. As a result, parents want to get their children into the school district.
Low performing schools are in areas where the sales may be lagging. Of course, I am speaking in general terms and there are likely to be exceptions in the Bay Area where you'll find lagging home sales and good schools. But for the most part, top schools ensure that your values stay higher than other areas.
Buyers already undersatnd this but the challenge is this: A buyer who wants a good deal on a Bank owned or a reduced priced home but still wants decent schools. Sometimes you can't have both. I laughed when I received a call from a person looking for a bank repo deal in Los Gatos. I told him that if you find it to call me and all my Realtor buddys.
I've got good market information on my website at http://www.danielpizano.com/
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My name is Daniel Pizano and I am a Realtor not just a real estate agent in San Jose. As a Realtor I belong to the local real estate board, the state of California Association of Realtors, and the National Association of Realtors. Read More
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