“Market trends suggest that many homebuyers are prioritizing affordability above walkability.”
“Prices have been rising faster in car-dependent neighborhoods than in walkable neighborhoods since September 2018…” “Home-sale prices in walkable neighborhoods across the country increased 2.3 percent year over year to a median $343,900 in July, compared to 4.3 percent annual growth to a median $312,100 for homes in car-dependent areas.” (Redfin. 29 Aug 2019. Redfin.com/blog/walkable-neighborhoods-home-prices-rising-slower)Read more about this on Redfin.
“Purchasing a home is one of the biggest decisions a person can make during their lifetime…As back to school season approaches, a recent report from the National Association of Realtors highlights the different purchasing and selling habits of Americans, revealing that a significant share root their home purchasing decisions in school district quality.” Read more here at Housing Wire.
I’m curious — did you buy your home based on the school districts?
How long would you wait? One way to hopefully avoid having to drop the list price is by pricing your home for sale correctly. Realtors know the local real estate market and can help you make a savvy decision. Ask me for help, if you’re in San Diego County and are thinking of listing your home for sale!