Reply to how's real estate market now with all the school boundary rezone?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Y'all are overestimating the impact of school zoning.[/quote]

Nah, similar houses in WJ and Einstein -- A few streets apart. You can see the difference in price.[/quote]

The difference is the houses not school.  Plenty of million dollar houses across the tracks now that have been redone.  [/quote]

I don't have kids in school anymore, but I am in RM cluster. Plenty of million dollars homes here as well, but it's not hard to see that there is a premium for Wootton and then a bit of premium for Churchill over Wootton. Whitman goes for around 10% premium comapred to WJ for similar houses.

I am not familiar with Einstein to comment but I will be shocked to see that there is no difference in prices for WJ and Einstein. Outsized number of buyers buy for schools and it ends up impacting the price. [/quote]

Prepare to be shocked:
https://www.redfin.com/MD/Kensington/3817-Lawrence-Ave-20895/home/10991934 - zoned for Einstein, sold for $1.13 million
https://www.redfin.com/MD/Garrett-Park/11007-Kenilworth-Ave-20896/home/10501900 - zoned for WJ, sold for $1.13 million
[/quote]

Houses look way different in finish and size. Just a  quick look. House size is different as well.

I can find many examples like this to show that there is no premium of Whitman over WJ or Wootton over RM, but I know for fact that there is premium. Some close friends have bought it recently in this area and that was their experience. We saw the same when we were buying.

Previous PP is correct. Schools do make difference because very large number of fmailies are buying for schools. Not the only factor, plays a big part.

When everything else is equal, it's illogical to think that school won't make a difference. In case of chaging boundaries, eeverything else will be equal except schools.[/quote]

It's impossible to find two identical houses in each zone with similar lots etc. But in Einstein you will be hard pressed to find a house of 4k sq ft ish built after 2000 that is less than $1 million. You see a ton of $2 million homes zoned for WJ, and these are enormous brand new construction homes.

Here is another SFH in Kensington, right near the shops that sold recently zoned for WJ. Sale price $785k. 2k sq ft. 
https://redf.in/q1JbH2
Many SFH of this size zoned for Einstein are selling for $700-$800k. Like this one in a less central location. https://redf.in/ecoGbq

The ones that sell for less than this are 1500 sq ft and have one bathroom.

Real estate is very local. There is a lot of demand for houses zoned for Einstein and you will be disappointed if you are looking to save a ton of money buying here.[/quote]

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