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Andersonville Ranks In 2015 Top Ten Hottest Neighborhoods Nationwide

Redfin1Andersonville got big news this past week as it was named in the top ten hottest neighborhoods in the nation for 2015 by Redfin. Specifically, it ranked #7 nationwide and #1 for the the entire Chicago area which includes the suburbs.

Redfin is one of the top five real estate search engines with an estimated 6,000,000 monthly users. It is a technology-powered real estate brokerage with agents in 25 markets throughout the United States and is a pioneer in map-based real estate search engines.

So how did Andersonville make the cut? They feel it was all about compromise! According to Redfin, there are more houses finally coming onto the market and the buyers highest priority is affordability. They are no longer in need of the trendiest areas but still find convenience important. So both outlying suburban areas as well as hip urban neighborhoods are not being sought out as much. Instead the buyer is looking to compromise between the two, ‘they’re in a sweet spot where affordability and convenience overlap’.

Their decisions included listing page view increases,  favorites on redfin.com and Redfin ‘Hot Homes’ in each neighborhood. “Many homebuyers have recoiled from the dramatic increase in house prices in urban centers posted over the past three years,” said Redfin Chief Economist Nela Richardson. “They are now searching for more affordable places farther out. Expect the neighborhoods on this list to see high demand in 2015 as rock-bottom mortgage rates and a more lenient mortgage lending environment help make homeownership in expensive cities less costly.”

Last Humbolt Park was the hot neighborhood in Chicago, and they got it right as far as increase in sales. This year Andersonville/Edgewater  is poised to take over that top spot according to them. This year’s official list is:

  1. El Cerrito (San Diego, California)
  2. Dickinson Narrows (Philadelphia, Pennsylvania)
  3. East Atlanta (Atlanta, Georgia)
  4. Little Neck (Queens, New York)
  5. Bohemia (Long Island, New York)
  6. Curtis Park (Sacramento, California)
  7. Andersonville (Chicago, Illinois)
  8. Woodridge (Seattle, Washington)
  9. Crocker (San Francisco, California)
  10. Woodridge (Washington, DC)

In Chicagoland, these are the five hottest neighborhoods of 2015:

  1. Andersonville
  2. Garfield Ridge
  3. Brighton Park
  4. Lakeshore Historic District (Evanston)
  5. Ishnala (Palos Heights)

 


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