Today I’m answering the question, “What are the current home selling trends in Lake County by school district or neighborhood?”
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Today I’m answering a question from Nick, one of my viewers, who asks, “What are the current home selling trends in Lake County by school district or neighborhood?”
I’ll answer this question by going over a couple graphs you can see in the video above.
The first graph shows the average sold price in the nine school districts in Lake County over the last five years. Currently, Kirtland, Riverside, Perry, and Mentor are at the top.
The second graph displays home sales by volume in those same nine school districts. Mentor, Willoughby-Eastlake, Riverside, and Madison are at the top here.
Cities that have vibrant, growing school systems typically have strong real estate sales.
There is a direct connection between the strength of a school district and property values, meaning cities that have vibrant, growing school systems typically have strong real estate sales.
Real estate is hyperlocal and home values vary even within the same city. We call these micro markets, and they can have a positive or negative effect on market value.
If you’d like more details or if you have any questions, please feel free to give me a call or send me an email. I’m always happy to help!