Those living in Northern VA, it’s no surprise that buying a home in a good school district is important to most homebuyers. Even people looking to purchase in Northern VA with no aspiration of have children often request specific school districts.
According to Realtor.com research, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries.
The more important take away however, is that 78% of recent homebuyers sacrificed features from their “must-have” lists in order to find homes within their dream school districts. This trend is echoed by Northern VA homebuyers who rank schools in the top 3 of their home search criteria.
In Northern VA the top feature sacrificed was a garage at 19%,. This was closely followed by a large backyard, an updated kitchen, the desired number of bedrooms, and an outdoor living area. These results are in the graph below.
Northern VA home Buyers are attracted to schools with high test scores, accelerated academic programs, art and music programs, diversity, and before and after-school programs. They also sometimes rely on the web site, www.greatschools.org
With a continued low inventory of listings in today’s NOVA real estate market, competition is fierce for homes in good school districts. Danielle Hale, Chief Economist for Realtor.com, explained further,
“Most buyers understand that they may not be able to find a home that covers every single item on their wish list, but our survey shows that school districts are an area where many buyers aren’t willing to compromise. For many buyers and not just buyers with children, ‘location, location, location,’ means ‘schools, schools, schools.’” (emphasis added)
For buyers in Northern VA, the quality of their children’s education ranks highest on their must-have lists. When you are ready to buy and/or sell a home in Northern VA give me a call to discuss your options.
Available Homes For Sale By School District:
Call Joey, an exceptional real estate agent and REALTOR with RE/MAX Preferred Properties, for selling or buying a home in Northern VA. Your Home My Passion.
Specializing in happy home sellers and home buyers, selling starter homes, trade up homes, premium homes, and luxury real estate in Northern VA. Selling homes since 2003 to first time home buyers, relocating clients, first time home sellers, luxury clientele, downsizing, and trade up clientele. Helping home sellers sell quickly and profit more with a carrier average days on market of 39 days.
Alexandria, Arlington, Ashburn, Burke, Centreville, Chantilly, Dunn Loring, City of Fairfax, Falls Church, Great Falls, Herndon, McLean, Oakton, Reston, Sterling, Tysons Corner, Vienna, or anywhere in Northern VA.
Originally published on my Call Joey Keeping Current Matters Blog here.