Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Online real estate brokerage Redfin today announced its annual list of the hottest neighborhoods nationwide based on the locales’ relative growth in popularity among site users between September-December 2012 and September-December 2013.

RankNeighborhood (Metro Area)Year-Over-Year Change in Page ViewsMedian Sale Price in 2013
 1Bernal Heights North Slope (San Francisco, Calif.) 196% $982,500
 2Eagle Rock (Los Angeles, Calif.) 128% $539,000
 3Morningside-Lenox Park (Atlanta, Ga.) 271% $540,375
 4Upper Chevy Chase (Washington, D.C.) 430% $873,000
 5Desert Shores (Las Vegas, Nev.) 61% $179,525
 6Barrington Oaks (Austin, Texas) 316% $303,750
 7Phinney Ridge (Seattle, Wash.) 178% $502,625
 8Concordia (Portland, Ore.) 305% $355,000
 9City Park (Denver, Colo.) 276% $394,500
 10Humboldt Park (Chicago, Ill.) 158% $189,450

“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 in a statement. “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.”

Redfin compiled the rankings after analyzing hundreds of millions of pages its website users visited and homes they added as “favorites” to monitor for price changes or sales, and asking hundreds of Redfin real estate agents nationwide which neighborhoods are buzzing and why.

Source: PR Newswire