Whether the housing market remains stalled or is recovering is in question, but that doesn't mean that houses aren't getting sold.
Real estate blog Redfin surveyed their real estate agents and took a look at the numbers and made a list of the top 10 neighborhoods that are up-and-coming, that will be hot in 2013.
Four neighborhoods in the Los Angeles metro area made the cut. Three of them are from the eastern side of the city: Highland Park, Eagle Rock and Glassell Park. Faircrest Heights, on the west side, but east of Pico-Robertson, was the lone west side neighborhood.
|1||Los Angeles||Highland Park||-48%||+73%||+31%|
|2||San Diego||Mira Mesa||-69%||+48%||+21%|
|3||Los Angeles||Faircrest Heights||-63%||+17%||+29%|
|4||Los Angeles||Eagle Rock||-54%||+44%||+11%|
|6||Bay Area||Willow Glen||-60%||+9%||+32%|
|7||Los Angeles||Glassell Park||-64%||+31%||+17%|
|9||Bay Area||The Mission||-29%||+17%||+80%|
|10||Seattle||N. Maple Leaf||-44%||+15%||+22%|
Redfin says good schools, new restaurants and a "hip local vibe" (we're not sure how you quantify that) contributed to many of these neighborhoods making the cut.
"The results surprised us: the hottest neighborhoods aren’t the well-known bastions of privilege," said Redfin CEO Glenn Kelman. "They’re once-gritty urban areas and far-flung suburbs with school districts on the rise. This is the surest sign that the recovery is broadening, and that home-buyers are venturing out to once-marginal areas hit hard when the bubble burst.”
Do you think your neighborhood should have made the cut? Did Redfin pick the right neighborhood? Tell us in the comments.