Redfin Names the 10 Best Cities to Throw a Pool Party

Homes with a Pool in These Cities Have Higher Asking Prices than Homes Without

SEATTLE--(BUSINESS WIRE)-- Summer is officially here and to celebrate Redfin (www.redfin.com), the next-generation real estate brokerage, released a list of the 10 best cities to throw a backyard pool party. To put together the list, Redfin data scientists analyzed the listing descriptions of all the homes that have hit the market in the last year and found the cities with the highest percentage of listings that mentioned the word “pool.” Palm Springs, Calif. came in at number one on the list. Redfin also found that homes with a pool in these cities had a higher median asking price than homes without. For example, the median asking price for a home with a pool in Palm Springs is $569,000. That's $26,000 more than the median asking price of all homes in the city.

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A backyard pool may increase the value of a home in one of these top 10 cities, but in other areas of the country, installing a pool might not be worth it. “Between daily heating and filtering, weekly cleaning and yearly inspections, keeping up a pool costs time and money,” said MaryDell Penney, a Redfin real estate agent in Orlando, Florida. “Homeowners insurance is also likely to be higher for a home with a pool. In warm climates a pool can add value to a home, but in colder areas it can turn off some buyers.”

Here are the top 10 cities to throw a pool party according to the analysis:

1. Palm Springs, California2. La Quinta, California3. Windermere, Florida4. Davenport, Florida5. Bonita Springs, Florida6. Palm Harbor, Florida7. Naples, Florida8. Scottsdale, Arizona9. Boca Raton, Florida10. Cape Coral, Florida

To read the full report, complete with the percent of listing descriptions mentioning “pool” in each city, the median asking price of those homes and insights from local Redfin real estate agents, please visit: https://www.redfin.com/blog/2015/06/best-cities-to-throw-a-backyard-pool-party.html#.VYizK0be-pw

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About Redfin

Redfin (www.redfin.com) is a next-generation real estate brokerage that represents people buying and selling homes. Founded by technologists, Redfin employs a team of experienced, full-service real estate agents who are advocates, not salespeople, earning customer-satisfaction bonuses, not just commissions. Redfin.com features all the broker-listed homes for sale, as well as for-sale-by-owner properties that don't pay brokers a commission. Redfin also offers online tools, built by its own software engineers, that make the entire process of buying or selling a home easier and more fun. The company serves major markets across the U.S. and has closed nearly $20 billion in home sales. In 2012, Redfin was named one of The DIGITAL 100: World's Most Valuable Private Tech Companies by Business Insider.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150623005570/en/

Redfin Journalist Services
Alanna Finn, 206-588-6863
[email protected]

Source: Redfin

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