Redfin’s top 10 neighborhoods to watch in 2014

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.

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

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