Homes in this price range are much sought after but increasingly scarce and agents have lots of prospective buyers and few sellers. Few buyers can wait indefinitely, especially those with school age children, and they react in a variety of different ways. Buying somewhere else One of the most frequent strategies buyers elect is to investigate purchasing a home in a different, but nearby, area.
School systems are a vital factor.
We have many fine schools in the area, both public and private, and some families will simply change their choice of locations and send the kids to private school if they miss out on the public school system of their choice. Commuting distance is another vital factor that must be considered when switching from the area of first choice. Because of this, they tend to look in the area immediately surrounding their first choice because it will still make for a good commute. Surprisingly, many prospective buyers are not willing to travel even another fifteen minutes to work each way to get more house for their money in a different area. Close proximity to the location originally selected is a powerful motivating factor.