Buying & Selling Boston Condos for Sale with Good School Systems
It’s supposed to be a Boston condo buyer’s market because of Covid-19.
Boston Areas With Good School Systems
Yet, for parents determined to buy in areas associated with top schools, those bargains may be harder to come by. When housing markets go south, “areas with exceptional schools tend to hold their value better than the market overall.
Boston condo for sale prices have dropped in areas with good schools, but the declines are typically nowhere near the levels in surrounding areas with schools with poorer marks.
State assessments, independent ratings from websites like GreatSchools and Education.com and annual magazine rankings of America’s top high schools have not only made it easy for parents to factor school test scores and parent-teacher ratios into their buying decisions, they’ve cemented the relationship between home prices and school quality.
Even residents who don’t have school-age children tend to stand behind the schools. It’s not altruism; it’s economics.