Oakland's Bushrod Will Be America's Hottest Neighborhood in 2017, Per Report
What makes a neighborhood "hot?" Is it a overwhelming demand for housing coupled with an affordable way to buy? Is it merely about which neighborhoods homebuyers search out the most? Is it that certain unquantifiable likability that so many people are looking for in the neighborhood they want to call home? Whatever it is, Redfin thinks they've found the hottest neighborhood in America this year and it's located in the Bay Area.
Redfin has released it's 2017’s Hottest Neighborhoods report and Bushrod, a North Oakland neighborhood, has been named the very hottest of them all. Bounded by Berkeley to the north, Sante Fe to the west, Fairview Park to the east, and Temescal to the south, Bushrod remains quaint enough that affordable housing and renting still exists there (by Bay Area standards). It offers a nice mix of park spaces, schools, and a bustling arts scene. It's also situated perfectly as a jumping-off point to Berkeley, downtown Oakland, and San Francisco. It makes sense that an Oakland neighborhood would see itself so high on this list given the way locals are flocking to the city as a way to get relief from San Francisco's suffocating lack of inventory and staggering prices.
Right now we're only seeing a handful of Bushrod properties for sale, including a two-bedroom home asking $745K and a turn-of-the-century three-bedroom asking $749K.
Redfin also called out fellow North Oakland spot Longfellow and the affluent area of Trestle Glen as their second- and third-hottest neighborhoods in Oakland, respectively.
San Francisco didn't see any of it's neighborhoods end up in the top ten nationally, but Redfin still sees some hot markets for 2017 in Visitacion Valley, Excelsior, and Inner Richmond.
One other Bay Area neighborhood that did end up in the national top ten can be found in Sunnyvale. Serra (a.k.a. The Dalles) and it's $1,760,000 median sale price came in at No. 3 overall on the list. Other San Jose area neighborhoods that get honorable mentions include Sunnyhills and Miramonte-Springer.
Check out the full rundown of America's hottest neighborhoods here and then get to house-hunting before everyone else gets there first.
Source: