NEW YORK – Despite more school districts returning to in-person learning, the pandemic has many more parents appreciating the importance of organized, stand-alone learning areas for their children.

In addition to repurposing rooms in existing homes, developers and real estate agents are now marketing and staging these spaces to prospective buyers.

“The family’s priorities have changed,” says Fredrik Eklund, an agent with Douglas Elliman in New York. “People want these learning centers.”

According to Realtor.com, listings over $1 million that included a learning space spent a median 45 days on the market in 2021 – 12 days less than homes that didn’t mention a room for teaching. In May, 1,178 homes mentioned terms related to learning spaces, up 58% from the same period last year.

According to Eklund, some luxury listing sellers are forgoing traditional libraries, man caves and multiple offices so they can have dedicated areas for young students. Going forward, developers expect increased demand for these organized learning areas.

Source: Wall Street Journal (08/04/21) Dizik, Alina

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As a believer in home schooling even before the pandemic, this seems like an excellent idea: a classroom to go to at 8 a.m. rather than sitting in bed with a laptop. Of course, you do need the space in the first place.

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If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.

“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of Oliver Reports . He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Sale, Beverly, Lynn and Swampscott.”

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

www.OliverReports.com
Andrew.Oliver@SothebysRealty.com

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Andrew Oliver
Sales Associate | Market Analyst | DomainRealty.com
REALTOR®

Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205

www.AndrewOliverRealtor.com

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