Every parent wants their best for their kids - but when it comes down to elementary schools, often no much thought goes into a selection and catchment areas when relocating. However, could there be a relation between elementary schools and sale price per square foot? Well, this graph (above - and for download in PDF format by clicking here) from MLS data shows that there could be a link - notice that for some schools the sales price per square foot is higher than others and that the days on the market for a listing varies - in some cases by a week or more. When you think about it, it is not that surprising that those homes in the catchment areas of certain schools command a higher price per square foot due to the property being in a desirable area (likely in the catchment area of a great school) and of course, being in a desirable area, it means that your property does not linger longer on the market than necessary! For instance, Angell - a great school in a very accessible and central location, was awared an "A" on its report card - signalling that it is a school with great standards of education - making it thus, desirable! Look! It has the higher SP/FT of $219! This makes for interesting information on micro-market data for us here in Ann Arbor, Michigan. - Reminder - DID YOU SEE OUR POST ON ANN ARBOR SCHOOL BOUNDARIES? Looking for a new home in Ann Arbor in close proximity to good schools? Then contact us today! Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.
Kathy Toth and Team

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