The hottest neighborhoods in the US for the coming months have been revealed in an analysis by Redfin
Based on millions of page views on its site and homes favorited by users the analysis shows that First Hill in Seattle will be the hottest market to close out the year.
"First Hill is sandwiched between the ever-popular Capitol Hill and the Yesler Terrace redevelopment, with easy access to downtown," said Seattle Redfin agent Jessie Culbert. "With Whole Foods opening in 2018 at the Danforth apartment building, the area is becoming even more desirable.
The analysis of 46 major US metros considered 138 neighborhoods with California the state continuing to show the most heat, accounting for half of the ten hottest markets.
"Our analysis also brought to our attention several hot neighborhoods that weren't on our radar in January, like East Lake Terrace in Atlanta and Gert Town in New Orleans, both of which posted home-value gains that were much stronger than their respective metro areas," commented Nela Richardson, Redfin’s chief economist.
The Top Ten:
|
Rank |
Neighborhood (Metro) |
Median Sale Price |
Average Sale-to-List Price Ratio |
Percent of Homes that Sold Above List Price |
|
1 |
First Hill (Seattle, WA) |
$425,000 |
105.4% |
73.0% |
|
2 |
Golden Gate Heights (San Francisco, CA) |
$1,595,500 |
120.3% |
86.7% |
|
3 |
Bucknall (San Jose, CA) |
$1,350,000 |
115.1% |
90.9% |
|
4 |
Glenview (Oakland, CA) |
$947,500 |
125.7% |
82.1% |
|
5 |
Bodger Park-El Camino Village (Los Angeles, CA) |
$531,500 |
102.6% |
61.9% |
|
6 |
Mission Bay (San Diego, CA) |
$835,000 |
96.5% |
10.6% |
|
7 |
Deanwood (Washington D.C.) |
$315,000 |
99.1% |
31.4% |
|
8 |
West Minnehaha (Portland, OR) |
$312,900 |
100.2% |
43.6% |
|
9 |
Country Lakes (Chicago, IL) |
$272,500 |
99.2% |
23.8% |
|
10 |
Lawrence Estates (Boston, MA) |
$656,450 |
105.3% |
78.9% |
