Redfin have published some predictions for what they think will be the hottest up-and-coming neighborhoods in the country in 2013. Typically everyone loves lists that are supported by professional data; this list, however, has created some hurrah on the Internet because of what it means for some of its included smaller towns if it proves to be accurate: some have rejoiced over the good ol’ hometown recognition, while others lament the potential hipster influx… Check ’em out below.
From the release:
With more than 600 real estate agents helping our customers buy and sell homes across the country, we decided to go straight to our sources in the trenches to find out which neighborhoods will be the hottest; where trendy appeal and growing buyer interest will drive up home prices more than other nearby areas in the coming year.
We asked our agents which neighborhoods or cities in their area will be the most up-and-coming in 2013, then we dove into the data to narrow down their suggestions to the three hottest ‘hoods in each market. We evaluated how each area’s market was trending at the end of 2012 in four categories: on-market listings, sales volume, median price per square foot, and sale-to-list ratio. We ranked every neighborhood in each category and selected the areas with the most consistent trends in each category as the hottest.
The hottest neighborhoods are all seeing shrinking selection, increasing sales, and increasing prices—often at rates far above the metro areas that contain them. Here are the ten hottest neighborhoods (or small cities) for 2013, along with their year-over-year trend in listings, sales, and median price per square foot as of December.
“Roswell is considered a suburb, but is still close enough to downtown Atlanta. Shopping is great, there are a lot of restaurants and bars in Historic Downtown Roswell, and the district has great schools. Single family homes in the $200K to $300K price range don’t last long on the market and often receive multiple offers.” -Redfin Agent Sascha Gummersbach
“People love Rosedale because of the charming ’30s and ’40s era homes, close proximity to many medical services, the Capitol, UT, and downtown, in addition to many of central Austin’s attractions, including Ramsey Park and the Shoalcreek Greenbelt. They also love the nearby unique restaurants and shops like Central Market.” -Redfin Agent Tracey Luhrs
“Somerville has a laidback, hipster feel with a lot of great diversity. The main attraction is the green line extension and the new T line, which broke ground in July and is a huge development for this neighborhood. There have been many improvements in public spaces as well as small-business growth.” -Redfin Agent Matt Zborezny
Chicago: Logan Square
“Logan Square has many attractive features, including wide park-like boulevards, a unique mix of housing types, public transportation, bike and walking paths, progressive local shops and a really cool vibe. The convenience of two Logan Square blue line stops makes it a destination for those wanting to get more for their money.” -Redfin Agent Greg Whelan
“Colleyville is near the Dallas Fort Worth International Airport, which is a great draw for traveling business people. The entertainment aspects of nearby Historic Grapevine and Southlake Town Square are wonderful and give Colleyville a small town feel—right in the heart of Dallas Fort-Worth.” -Redfin Agent Chelsey Hooton
“Uptown offers a variety of housing options, including newer, hip condos, Queen Anne-style houses, Denver Squares and bungalows. Its walkability is appealing; just head out your front door and you have access to popular restaurants and bars along 17th Avenue, entertainment venues like the Fillmore Auditorium, and City Park.” -Redfin Agent Michelle Ackerman
Los Angeles: Highland Park
“Highland Park is in the NE corner of LA where it’s relatively lush, green and surrounded by hills. York Blvd offers a main artery for this community with an increasing amount of hip restaurants, bars, and shops similar to those you’d find in Silver Lake, Los Feliz, Atwater, or Eagle Rock.” -Redfin Agent Earnest Watts
“Phoenixville, a former industrial city on the Schuykill River, became a ghost town when the steel corporations left in the 1980’s. However, the Colonial Theater, featured in the movie, The Blob, would not be forgotten and with its renovation came an influx of former and new residents.” -Redfin Agent Blakely Minton
Phoenix: Windsor Square
“Windsor Square is an enchanted, North Central neighborhood in Phoenix and considered to be one of the oldest suburbs in Phoenix. Today it is additionally known for its beautiful historic homes, friendly neighbors, proximity to the Light Rail, great eats and drinks, as well the urban vibe.” -Redfin Agent Corinne Hale
Portland: West Haven-Sylvan
“You’ll find more custom homes in this neighborhood with a quiet, wooded setting. Every home is unique. It’s suburban, but has tiny pockets of commerce with a corner store or coffee shop here and there. There is a backlog of owners here who wanted to sell over the last few years but are just now putting their homes on the market.” -Redfin Agent Rebecca Walter
“Folsom has easy access to outdoor activities at Folsom Lake, Tahoe, and Lake Natoma. The revitalization of Old Town Folsom and the grand opening of the Palladio provide endless shopping and trendy restaurant options. Residents can also jump on the light rail to access Sacramento.” -Redfin Agent Jennifer Sumner
San Diego: Mira Mesa
“Some buyers are getting ‘out-bid’ or ‘out-priced’ for neighboring areas such as Scripps Ranch and Rancho Bernardo that are normally high volume sales areas. With good schools and amazing shopping nearby, Mira Mesa is going to be the next up and coming big mover on home sales!” -Redfin Agent Sara Masey
East Bay/Silicon Valley: Livermore
“As Tri-Valley becomes more desirable to Bay Area Buyers and low inventory is creating high demand, more buyers are looking at the unchartered Livermore areas. There is still affordability although low inventory is bringing stiff competition. There are lots of great events that take place near or in very walk friendly downtown.” -Redfin Agent Sonal Basu
San Francisco Peninsula: The Mission
“The Mission used to be thought of as a rough area, but it’s started to emerge as a highly desirable area over the past year. There’s great diversity, tons of cultural activities and great restaurants and shopping. People are getting priced out of Noe Valley and the Castro, so the Mission is right there and a great alternative.” -Redfin Agent Landon Nash
Seattle: North Maple Leaf
“North Maple Leaf is in the Roosevelt School district and has lower prices than some of the surrounding neighborhoods like Wedgewood and Ravenna. There is easy access to I-5 South to commute to downtown. Homes that go on the market sell very quickly in this area.” -Redfin Agent Chad Pluid
Washington DC Area: Pimmit Hills
“Pimmit Hills is right between the commercial haven and employment hub of Tyson’s Corner and Charming main street-esque Falls Church City. With an abundance of flat large lots, the enhancement of the Tyson’s Corner area and additional transportation options Pimmit Hills looks to be a popular place for years to come.” -Redfin Agent Rob Wittman