10 hottest neighborhoods for real estate? None in L.A., report says
Sorry Los Angeles, your neighborhoods just aren’t that trendy this year.
That’s according to online real estate brokerage Redfin, which every year calculates the “hottest” U.S. neighborhoods for real estate activity.
The website says it compiles the list based on the number of page views, favorites and Redfin “Hot Homes” in a neighborhood, after adjusting for size.
For 2015, no L.A. burbs made the website’s top 10 list. That may have something to do with affordability.
Redfin’s recent home buyer survey ranked affordability as the largest impediment to owning a home, the first time that’s happened since early 2012.
“Many homebuyers have recoiled from the dramatic increase in house prices in urban centers posted over the past three years,” Redfin Chief Economist Nela Richardson said in a statement. “They are now searching for more affordable places farther out.”
The hottest neighborhood for 2015, however, was elsewhere in Southern California.
Redfin ranked El Cerrito in San Diego as its number one burb this year. The neighborhood south of San Diego State University and 10 miles from downtown had a 2014 median price of $320,000, according to Redfin.
Last year Eagle Rock -- with a 2013 median home price of $539,000 -- was ranked number two. In 2013, Highland Park was first, Faircrest Heights in Mid-City third, Eagle Rock fourth and Glassell Park seventh.
Redfin also predicted which neighborhoods would be the hottest for individual metro areas.
In the Los Angeles area, the 2015 winners were Fox Hills in Culver City, California Heights in Long Beach, Cheviot Hills on the Westside, Leimert Park in South L.A. and a neighborhood surrounding Jefferson Boulevard in Culver City.
Here’s the list of the hottest national neighborhoods for 2015:
1) El Cerrito, San Diego
2) Dickinson Narrows, Philadelphia
3) East Atlanta, Atlanta
4) Little Neck, Queens, N.Y.
5) Bohemia, Long Island, N.Y.
6) Curtis Park, Sacramento
7) Andersonville, Chicago
8) Woodridge, Seattle
9) Crocker, San Francisco
10) Woodridge, Washington, D.C.
Twitter: @khouriandrew
