I would like to know if there is a noticable difference in property values and market demand due to schools in the Evergreen area, specifically at

Asked by Laura Bishop, San Jose, CA Fri Jan 27, 2012

the end of Aborn Road, between the north side and the south side. Thanks for your time and input. Laura

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Thuan Nguyen’s answer
Thuan Nguyen, Agent, San Jose, CA
Sat Jan 28, 2012
Hi Laura,

As mentioned, home values are drastically affected by schools. The higher the API, the higher the surrounding home values will be. In the Evergreens you will want your child to go to Evergreen High School. There are a few option zones that will allow you to choose which high school you can go to.

This map might help: http://www.schvision.com/schoolfinder2/ESUHSD/Boundaries/ESU…

There are many factors that affect home values: Age, size, view, schools, etc. Schools as you mentioned are a major reason for the higher prices at the end of Aborn. There you'll get to go to:

Tom Matsumoto Elementary, API = 982, Almost a perfect 1000!!!
Chaboya Middle, API = 944
Evergreen High School, API = 863

Its an idea area to raise your children and give them a good start in life.

1 vote
Ricky Ablaza, Agent, Milpitas, CA
Fri Jan 27, 2012
Hi Laura,

There are 4 zip codes for Evergreen: 95121 (northwest evergreen), 95138 (southwest evergreen), 95148 (northeast evergreen), 95135 (southeast evergreen).

95121 schools are rated from 5 to 10 (James Franklin Elem). Ave price sold in 11/1/11 was $370K
95148 schools rated from 4 to 10 (carolyn clark elem). Ave price sold in 11/1/11 $430K
95138 only 2 schools - rated at 7 & 10 (Silver Creek Elem). Ave price sold in 11/1/11 was $640K
95135 only 3 schools all rated at "10" (Matsumoto, Evergreen, Chaboya). Ave price sold in 11/1/11 - $530K

In answer to your question, the stats show there is a noticeable difference in property values and demand due to higher school ratings in the evergreen area.

If you want to see for yourself, go to: http://www.buyorsellhomesinthebayareaca.com/mischool/zip/95135/. This link will bring you directly to the stats for 95135. To see the stats of the other zip codes, just enter the other zip codes in the window beside the "Enter a zip code to get started Search" window. Hope this helps.

If you want more information about the Evergreen area or are interested in previewing Evergreen homes and need my opinion on whether the homes match your criteria, call me at 408-316-0793 or email - rpablaza@comcast.net
1 vote
Terri Vellios, Agent, Campbell, CA
Fri Jan 27, 2012
Simple answer yes. Schools API affect property value, along with other factors. Age, lot size, amenities, surrounding homes and their condition, road noise, power lines, view, etc.

All homes have a buyer for it. Pricing is the determining factor and that goes up and down according to market demand, interest rates, and availability of funds for loans.

Because each home is unique working with a Broker will help you get a good understanding of the market.

All the best to you.
Web Reference:  http://www.terrivellios.com
0 votes
Michelle Car…, Agent, Coppertino, AL
Fri Jan 27, 2012
Hi Laura,

In Silicon Valley, "good schools" is a huge factor in home values and we often see higher pricing and increased buying patterns within specific school boundaries. If you like, I can send you a reports showing how the two areas differed in overall pricing for the past 6 months.

However, sometimes other factors will compensate. For example, some people prefer larger lots and will pay the same price for an older home on a big lot as a newer home on a small lot. Others will pay more for a view.

Let me know. And I have a beautiful new one not yet on the MLS that will be open Sat. & Sun. from 1:30-4:30 in that area - http://www.3663Wodzienski.com. Hope to see you there.
0 votes
Andrea Wince…, Agent, Milpitas, CA
Fri Jan 27, 2012
Often, the higher the API scores of the neighborhood schools will dictate higher buyer demand and willingness to pay more.
0 votes
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