Yesterday, listings site Redfin released its list of the 10 US neighborhoods that will be most "up-and-coming" in 2013. They polled their brokers, then "dove into the data to narrow down their suggestions," looking at "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 ... The hottest neighborhoods are all seeing shrinking selection, increasing sales, and increasing prices--often at rates far above the metro areas that contain them." California dominated the top 10 (with eight neighborhoods) and Los Angeles was especially strong: we already knew that Highland Park is so hot it's practically over, but it's nice to see it confirmed with data--the 'hood ranked number one on the list. Faircrest Heights came in number two for LA (and third overall)--the area roughly bounded by La Cienega, Fairfax, Pico, and Venice happens to lie more or less in Mid-City, the area Curbed readers voted "the next Highland Park." Eagle Rock and Glassell Park also made the top 10.
· Which Neighborhoods Will Be the Hottest in 2013? [Redfin Blog]
· Poll: 7 Neighborhoods That Could Be the Next Highland Park [Curbed LA]