#1. This three-bedroom home in Piedmont is offered at $2.75 million. Piedmont has a School Score of 9.5 and a median home price of $1.2 million.
Blanca Torres
Reporter- San Francisco Business Times
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For homebuyers looking for a great public school district, the East Bay is the top area to buy a home in the Bay Area. Emeryville-based ZipRealty, an online brokerage, compiled a list of the top selling cities in the Bay Area with the highest ranking public schools — eight were in the East Bay.
Click on the slideshow to see the top 10 .
“Home values and school scores are always going to be linked,” said ZipRealty President and CEO Lanny Baker. “In order to give our users the most complete picture of a home’s value, we provide a School Score, which is calculated based on test-score data as well as student/teacher ratios, for every home listing on ZipRealty.com.”
The scores range from zero to 10 with 10 being the highest.
The No. 1 city with the highest school score is Piedmont, a small rich enclave completely surrounded by Oakland where the schools scored a 9.5 and the median price dropped 27 percent to $1.2 million in August of 2013 from $1.53 during the same month last year.
The only non-East Bay cities on the list were Palo Alto and Benicia.
Overall, median home prices in the Bay Area rose 36 percent during the past year to $585,000.
Nationwide, the Bay Area real estate market ranked second after Sacramento for having the best public schools. The Bay Area is followed by Las Vegas, Los Angeles and Orlando.
Blanca Torres covers East Bay real estate for the San Francisco Business Times.
Article source: http://www.bizjournals.com/sanfrancisco/blog/2013/09/bay-area-real-estate-top-school-district.html