12411 North Pennsylvania Street, Suite 300, Carmel, Indiana, 46032
Real Estate
Traci Garontakos & Jaci Cleveland
STONEGATE For the month of October 2019
REALTORS® | Neighbors | Listing Specialists
317.741.0861
E: Traci.Garontakos@EncoreSIR.com W: www.LiveInStonegate.com
IN THIS REPORT: Referendum Impact | Message From Jason Plunkett | Market Report Update | Featured Listings
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2019
H OW S C H O O L S AF F E C T H O M E VAL U E S A BREAKDOWN OF THE IMPACT OF THIS REFERENDUM • U.S. News and World Report currently ranks Zionsville
• 36% of all ZCS families are new to our school community
Community High School as the #1 school in Indianapolis and
since July 2016—house prices have soared since then
#2 in the state of Indiana.
• We are the lowest funded school district per student
• “Location, location, location”. Perhaps today’s real estate
in the state.
motto should be “schools, schools, schools”, as high-ranking school districts have been increasingly hitting home buyer’s wish lists. • “Economists have estimated that within suburban neighborhoods, a 5% improvement in test scores can raise prices by 2.5%”, reports the New York Times. • Other parents consider higher home values an investment in their children, weighing the cost of private school ($20,000 and counting in some urban areas) versus the cost of a larger or newer home.
• 100% of referendum dollars stay here. • Buyers are willing to pay more money for a home in a good school district. 1 in 5 people surveyed said they would pay between 6-10% more for a home – and 1 out of 10 people surveyed stated that they’d go even higher, paying up to 20% more for a home with access to the right schools. • Not all home buyers have children or even plan on having children – making these figures even more interesting. People are not just interested in the quality of school districts for the
• A pricier home in a better public school district could save
educational opportunities they provide; they consider school
a family upwards of $200,000 in private school tuition over a
quality as part of the overall value of the real estate.
decade, in addition to recouping some costs when they sell
• Homes that had great schools nearby tended to weather the
a home.
falling real estate market much better than those with only
• Homes in top-ranking districts often sell faster than homes
mediocre schools nearby. Good schools can help insulate a
in less desirable districts — Realtor.com also found that those
home from market fluctuations and therefore makes a property
homes received 26% more views than the average listing, and 42% more than homes in lower-ranked school districts. • The under-36 crowd forms the largest new-home-buying cohort, according to a 2017 NAR study, and 49% of that age group has at least one kid under the age of 18 at home. • Home values inside top-rated school districts were 49% higher than the national median home price, according to a 2016 study by Realtor.com, which analyzed data from the residential listing database and school district ratings from GreatSchools.org.
Market Report
a more sound investment. • While some community members may be opposed to a slight increase in taxes, what is often not considered is how much equity is put in all of our pockets because of our schools. • The upcoming referendum will enable our schools to maintain class sizes, increase facility count and size for our growing population, and maintain staff count for STEM and specialty programs. All of these are areas considered by U.S. News and World Report when calculating rankings.
PR EPAR ED ESPEC IALLY FOR
Johnathan and Angela-Marie Williams Presented by Traci Garontakos
YOU R STONEG ATE R EAL ESTATE SPEC IALIST AND N E I G H B O R
www.LiveInStonegate.com