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The impact of nearby schools on home values

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Buying a home in a good school district can result in resale advantages, offer protection from market fluctuation and provide a great education. We've always known that good schools attract families with school-age children, but recent statistics add concrete numbers and surprising trends to the storyline.

  • 1 out of 5 buyers would give up a bedroom or garage for a better school.
  • 51% would give up shopping amenities for schools.
  • 1 out of 5 home buyers would pay 6 to 10 percent above their budget for the right school.
Making a decision on buying a home should definitely include an analysis of the school district, even for buyers who don't intend to send children to those schools. Good schools provide stability for a community, and that's good for the property values of everyone who lives nearby.

Information from a recent study by Realtor.com.

 

Property Taxes - Does it affect where you choose to live?

TaxesSchools.png Death and taxes - Two sure things in life. Since we are a real estate firm, we will discuss the taxes.

Have you ever wondered how the taxes that you pay compare to other communities? Every community and school district has different rates. Below is a comparison of communities in Story County vs. Ankeny. The numbers are based on a home assessed at $200,000.
  • Ames - Ames Schools                 $3,612*
  • Ames - Gilbert Schools               $3,960
  • Huxley - Ballard Schools            $4,696
  • Nevada - Nevada Schools           $4,345
  • Story City - Roland Story Schools       $3,225
  • Ankeny - Ankeny Schools            $4,893

Look up the taxes you pay on your home by visiting the area assessors website.

*Ames has an Instructional Support Levy = 5% of Iowa income tax paid. Example: $8,120 in Iowa Income Tax would be $406 additional tax.

 

Iowa's Tax Free Shopping Weekend

Believe it or not, summer vacation will soon come to a close and school will be back in session. It's time to start thinking about fall activities, earlier bedtimes, school supplies, and back-to-school clothing. Fortunately, Iowa has designated August 7th and 8th as a Tax Free weekend to help parents get their kids ready for the new school year. We have some thoughts to help you make the most out of the Tax Free Weekend.

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  • Do your Research - Do a little investigation before you head out to the stores. There are exemptions during this weekend and not all types of apparel qualify as tax free. The Iowa Department of Revenue website can guide you in the right direction.

  • Make a List - Arm yourself with a list to help you stay on track while shopping among the crowds. Go through your kid's closets and drawers beforehand to determine what wardrobe basics are needed. A list will also help you get in and out of stores with only what you need!

  • Compare Prices - Do some internet browsing ahead of time to scope out what stores have the best deals on the items you need. You can also download an app to your smartphone so you can compare while on the go.

  • Stock up - Consider purchasing items that you will need throughout the school year. It's hard to imagine buying thick sweaters and turtlenecks when it's still steamy outside, but once winter arrives you will be glad to be prepared.

 

Hunziker & Associates, REALTORS named a Top Power Brokerage

PowerBroker.jpg We are proud to announce that Hunziker & Associates, REALTORS ranks as one of the Top 1000 Power Brokerage Firms in RisMedia's 2015 Power Broker Report. This report ranks firms by closed transactions and sales volume for the prior year. Now in it's 27th year, the Power Broker Report has long honored the incredible business feats of remarkable real estate leaders - and brokerage firms - who continue to shape the industry.

"2014 was a growth year for many real estate firms across the country, as low inventory created a ripe environment for home sellers and move-up buyers, and continued low interest rates and rising rents enticed more new buyers to take action" according to John Featherston, RISMedia's President and CEO. "As market dynamics continue to fluctuate, today's more knowledgeable, more tech-savvy real estate consumers look to proven real estate firms and their agents to help guide them toward the best real estate decision. Being ranked a Power Broker validates a company's reputation as a trusted resource for today's homebuyers and sellers."

RISMedia's 2015 Power Broker Report.

 

August Area Events

Old Settlers Days
August 7-9
Maxwell

Iowa Tax Free Holiday
August 7 & 8
Iowa

515 Alive Music Festival
August 7 & 8
Western Gateway Park, Des Moines

Ankeny Unplugged
August 8 from 12pm-9pm
Bandshell, Ankeny

IowaStateFair.png Iowa State Fair Parade
August 12 at 6:15pm
Downtown, Des Moines

Iowa State Fair
Aug. 13-23
State Fairgrounds, Des Moines

Foodies & Brew
August 14 at 6:30pm
Downtown, Ames

Des Moines Restaurant Week
August 14-23
Select restaurants, Des Moines

21st Annual Senior Variety Show
August 14 & 16
City Auditorium, Ames
Ankeny Family Road Race
August 15 at 8am
Ankeny Family YMCA, Ankeny

Science Center of Iowa Star Party at Ewing Park
August 15 at 6pm
Ewing Park, Des Moines

Color Vibe 5K
August 22 at 9am
Principal Park, Des Moines
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Huxley Prairie Fest
August 28-30
Huxley

Lincoln Highway Days
August 27-30
Nevada

 

Market Numbers

Ames 2015 2014
8/1/2015 Active listings 128 146
Homes SOLD YTD 407 371
Average Sale Price $222,037 $204,318
Average Days on Market 43 46
Sale Price to List Price Ratio 97.6% 97.5%
Story County 2015 2014
8/1/2015 Active listings 113 138
Homes SOLD YTD 204 172
Average Sale Price $159,410 $141,878
Average Days on Market 70 72
Sale Price to List Price Ratio 95.4% 93.8%
Based on Sales information as reported to the Central Iowa Multiple Listing Service as of 8/1/2015
Ames - Ames Residential and Rural Subdivisions
Story County - Residential, excluding Ames Residential and Ames Rural Subdivisions