Move over, New York and San Francisco.
Real estate company Redfin recently released its list of the hottest neighborhoods of 2017, and locales in city-adjacent towns such as Oakland, California, and Bellevue, Washington, dominated over their urban counterparts.
The ranking looked at neighborhoods that experts expect to become up-and-coming hotspots, and highlights a growing trend: Homebuyers want the amenities of both suburban and city life. They're looking for big, renovated houses minus the price tag a place in the heart of a major city would bring.
"While many of 2017's hottest neighborhoods come with longer commutes, Redfin agents say they offer homebuyers the best balance of everything: quick access to public transit, trendy shopping and dining options, plus larger move-in ready homes with charm and price tags that are a little easier to bear," the report states.
To predict what will be the hottest neighborhoods of 2017, Redfin measured neighborhood growth by analyzing the number of pageviews from visitors to Redfin.com and the number of homes favorited by users on the site. Redfin also consulted local agents to confirm which areas are heating up in popularity.
From turn-of-the-century homes outside New Orleans to Silicon Valley-adjacent pads in Sunnyvale, California, read on to see the hottest neighborhoods for 2017.
10. Tremé — New Orleans
Median sale price: $199,200
Median number of days on the market: 261
Average sale-to-list percentage: 89.3%
Redfin agent Caren Morgan says:
"Tremé is definitely becoming an 'it' place in New Orleans. It's right on the border of the French Quarter, but somewhat less expensive and historically not as trendy. The neighborhood boasts a lot of turn-of-the-century homes with beautiful architectural details, which are generally very popular, especially among out-of-state buyers."
9. Greenfield — Aurora, Colorado
Median sale price: $455,000
Median number of days on the market: 42
Average sale-to-list percentage: 97.6%
Redfin agent Stephanie Collins says:
"Greenfield has a community pool, a playground, tennis courts, a fishing pond and many trails for people wanting the outdoor, active Colorado lifestyle. Located in the highly rated Cherry Creek School district, it's a prime location — just five minutes away from the Southlands Mall District, with its retailers, movie theater and many restaurant options."
8. Hollywood Park — Sacramento, California
Median sale price: $345,000
Median number of days on the market: 9
Average sale-to-list percentage: 100.2%
Redfin agent Matt Jones says:
"As people get priced out of other neighborhoods near city center, I've seen an increase in interest in Hollywood Park in particular. It's one of the few neighborhoods that's in really close proximity to downtown and yet still has some affordable homes available. A lot of the buyers I've worked with appreciate the unique older homes there and they are willing to sacrifice certain other amenities (like higher Walk Score ratings) in order to have charming homes with character that are still affordable and just a ten minute commute to some of the hippest areas in Sacramento."
See the rest of the story at Business Insider