Saratoga California home prices by high school district: what should a home buyer expect to pay?

Saratoga, California is well loved due to its scenic setting, nestled into the base of the Santa Cruz Mountains, as well as for great schools, shops, dining and overall fabulous quality of life. This little city on Silicon Valley’s west side has attracted some of the best and brightest folks drawn to our high tech area.  Because of the high desirability of Saratoga homes and neighborhoods, Saratoga CA real estate prices are sky high – even by local standards.

How bad is it?

Home pricing depends on all kinds of factors, such as proximity to Saratoga Village, whether or not the home is in walking distance to schools, views, lot size, home size, newness of construction and remodeling and many other elements, perhaps strongest of which is the schools.

For home buyers searching by zip code or city name, it’s very easy to get confused, especially if you’re coming from out of the area and do not realize that one city can utilize several different school districts!   Saratoga is served by three different high school districts and four elementary school districts: Los Gatos Saratoga Joint Union High School District or LGSUHSD (with Saratoga elementary and middle schools), Fremont Union High School District or FUHSD (with Cupertino elementary & middle schools), Campbell Union High School District or CUHSD (with Campbell & Moreland elementary and middle school districts).  Today we’ll view affordability by high school district.  As a fairly recent sampling, we will consider houses sold in Saratoga, California 95070 over the last 150 days, or appx 5 months.

How many houses have sold in each district over the last 5 months?  Have a look.

 

Saratoga CA Home Sales by High School District (Single Family Homes in last 150 days)

 

About 60% of the sold houses enjoy “Saratoga Schools”, meaning Saratoga High School, Redwood Middle School and any of the elementary schools part of this district.  Approximately 31% have Campbell or Moreland Schools, with either Westmont or Prospect High School.  A very tiny sliver, about 9%, is within the Cupertino Schools area (Lynbrook High School).

Comparing Saratoga CA residential real estate on a price per square foot basis

Often consumers want to compare based heavily on a price per square footage basis – something which I have cautioned against many times because it is seldom as accurate or helpful as one might think.  But because of the demand for this info, let’s have a look.

 

Saratoga California Average Price Per SF 11-23-2013 By HSD

 

If you are familiar with Saratoga, California, you will find the above graph puzzling if viewed by itself.  Saratoga High (933) and Lynbrook High (946) are exceptionally high scoring schools on the Academic Performance Index or API.  This is not so true with Westmont (795) or Prospect (775).  How, then, can they be priced so similarly on a per square footage basis? (more…)