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)