To Pool or Not to Pool?

Tis the glorious season that some people, like myself wait all year for… pool season! With a large water shortage and water bills skyrocketing after a certain usage point there is much debate as to if there is an added value to having a home with a pool. With about 10%-30% of homes in the South Bay being sold with pools, we thought it was time to look at the numbers!

What were are looking at here is the Median sales price per year of single family homes between 2,000- 2,999 SqFt over within each zip code with and with out pools.

90275 – Rancho Palos Verdes 

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Has Pool &: $1,339,000

No Pool: $1,240,000

90274- Palos Verdes Estates, Rolling Hills, Rolling Hills Estates

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Has Pool: $1,584,500

No Pool: $1,480,000

90277- South Redondo Beach

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Has Pool &: $1,505,000

No Pool: $1,400,000

90266- Manhattan Beach

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Has Pool: $2,050,000

No Pool: $2,075,000

90254 – Hermosa Beach

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Has Pool: $3,000,000

No Pool: $1,990,000

We we see looking at the data, a pool can increase property value from a couple hundred thousand to a million. Granted these numbers are not accounting for lot size, which having a larger lot (increases sales price) is necessary to have a pool in the first place. We attribute the large difference in prices in Hermosa Beach where lot size is between 2,000 – 6,000 SqFt to this factor.

Interesting fact we found while doing our research posted by the Bay Area News Group shows that a 20,000 gallon pool covering 500 Square-feet uses less water than a lawn, pool without a cover and drought tolerant landscaping.

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Having a home with a pool helps sell them faster in some cities. Homes with a pools sell faster than homes without a pool in South Redondo, Rancho Palos Verdes, and Hermosa Beach.

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