We strive to give the best to our children, be it healthy food, a safe environment where they can thrive or education in the best schools and universities. Over the years, I have noticed that there are smaller pockets of optimistic home price increases around some of the better school districts in the portland metro areas (certainly my area of expertise…Bethany). This could be due to a growing trend among many home buyers to buy their next home near some of the better school districts.
Courtesy: Wikipedia
When I started in the business, I discovered that a large percentage of my buyer clients considered the proximity to Findley Elementary, Jacob Wismer or Bethany Elementary (all in the Bethany Area) to be the primary motivation to buy a home in Bethany. Who could blame them…Test scores for Findley Elementary, Jacob Wismer and Bethany Elementary test scores are testament to this trend. These and many such good schools in the Beaverton, Hillsboro and Portland metro area are influencing home buyers to buy close to better school districts.
I have also realized that re-sale values for homes in these areas is great. The good schools seem to create a buzz that in turn brings in more families towards these areas, thereby creating a shortage of homes sometimes.