Survey Says....Some Facts About Family Home Buying


No surprises here and the Monterey Peninsula and Bay Area are no exception.....

According to the National Association of REALTORS®’ 2019 Moving With Kids survey, based on responses from more than 7,000 consumers, the two characteristics that buyers say they weigh the most when deciding on a neighborhood are the quality of the school districts and the proximity to schools In addition, parents are willing to make sacrifices for the sake of their children and will spend a little more in order to land a home in a better school zone or district.”

26% of buyers surveyed say that child care expenses appear to delay home purchases for many parents:

Typical compromises are:

  • Condition and size of the property

  • Paying a higher price

  • Getting a smaller lot

  • Accepting architectural style that isn't necessarily your first choice

  • Distance from job,

  • Distance from school

  • Quality of neighborhood

Other notes:

  • Buyers with children tend to buy larger homes. On average, buyers with children purchased a 2,110-square-foot home with four bedrooms and two full bathrooms.

  • Families with young children tended to need to sell their homes quickly. 23% of consumers with children under the age of 18 sold their home “very urgently,” and 46% say they had to sell “somewhat urgently.”

Source:

“2019 Moving With Kids,” National Association of REALTORS® (Aug. 12, 2019)

#homesale #realestate #trends #families #buyers

Coldwell Banker Realty

126 Clock Tower Place, #100, Carmel, CA 93923

831-275-0423

  • Facebook Clean
  • LinkedIn Clean

License: CalBRE#01966114

*All Rights Reserved*

Designed by Kollaborativ