How Swimming Pools Affect Home Valuations
If you have ever wondered how swimming pools affect home values, then you will most likely enjoy this post.
Every so often, I like to analyze the effect of swimming pools on home sales, home prices, and home values.
As we continue to sell homes in Tallahassee during the heart of the Summer swimming season, could there be a better time to look at homes with cool, refreshing pools? I think not :).
Homes For Sale With Swimming Pools In Tallahassee
Here's the list of links all of you swimming pool home shoppers will need. Just choose your price range and you'll be taken to all the homes for sale in Tallahassee with pools between the two price points. If you would rather search by zip code, I have also provided links to swimming pool homes for sale by postal zip code.
Swimming Pools And Home Prices
Now, on to the report and how swimming pools affect home prices. Through mid 2012, we can see that homes with no pool are priced about 26% lower than they were at the peak of the housing market, while homes with pools are only priced 19% lower.
Swimming Pools And Home Values
Home values are still falling in Tallahassee, and homes without pools are leading the way. Currently, homes without a pool are down 31% from the peak of the market, while homes with a pool are down "only" 27%. Apparently, having a swimming pool makes a difference!
Swimming Pools And Home Sales
The next real estate graph shows the number of home sales each year, by category. In order to get both categories on the same graph, I divided the result for homes without a pool by 10.
Homes without a pool sold 61% fewer in 2011 versus the peak of the market, while homes with swimming pools were down 51%.
Homes With Swimming Pools
Finally, we can see that homes with swimming pools represent about 16% of the homes sold this year in Tallahassee, which is higher than previous years. I hope this report on homes with and without pools helps you better understand how they affect home values. If you would like to know more about homes with swimming pools, just drop me a note and we can schedule a time to discuss your specific needs.