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September 2, 2014

10 Neighborhoods to Watch in 2014

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10 Neighborhoods to Watch in 2014

What are the hottest neighborhoods in the country? They tend to have highly ranked schools, scenic community parks, and short commutes and are all at an affordable price, according to an analysis by Redfin, which ranked 105 neighborhoods across 21 cities to find the places with the most growth in popularity. 

"After a year in which prices popped 13 percent, Americans are checking out still close-in but often overlooked neighborhoods in search of affordability, even if means less-fashionable restaurants or a home that needs a little more work," said Redfin CEO Glenn Kelman. "Like the actress who was nominated for 18 Emmys before finally winning, these are the Susan Luccis of neighborhoods, finally getting their due. The buyers who have made these alternative spots so hot aren't like the ones we saw in the last boom, who just borrowed more and paid up. Our clients in 2014 have settled on a price range, and they're sticking to it."

The brokerage evaluated neighborhood popularity growth by measuring Redfin.com home listing pageviews and homes web visitors labeled as “favorites” to monitor for price changes or sales, comparing it from 2012 to 2013 numbers. 

Here are the brokerage’s 10 hottest neighborhoods: 

1. Bernal Heights North Slope (San Francisco)
2013 median sales price: $982,500

2. Eagle Rock (Los Angeles, Calif.)
2013 median sales price: $539,000

3. Morningside-Lenox Park (Atlanta)
2013 median sales price: $540,375

4. Upper Chevy Chase (Washington, D.C.)
2013 median sales price: $873,000

5. Desert Shores (Las Vegas)
2013 median sales price: $179,525

6. Barrington Oaks (Austin, Texas)
2013 median sales price: $303,750

7. Phinney Ridge (Seattle)
2013 median sales price: $502,625

8. Concordia (Portland, Ore.)
2013 median sales price: $355,000

9. City Park (Denver)
2013 median sales price: $394,500

10. Humboldt Park (Chicago)
2013 median sales price: $189,450

Source: Redfin

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