For first-time (or, really, anytime) homebuyers, the biggest question is: where should I live? A new list may help you narrow down your options.
On January 28, real estate brokerage Redfin released its annual ranking of the hottest neighborhoods to watch in 2020. Along with listing the 10 hottest 'hoods in the nation (we'll get to those later), Redfin also crunched neighbors on the three buzziest communities in Houston and 60 other major metro areas.
To find these hot spots, Redfin examined neighborhoods with the greatest year-over-year growth in listing pageviews on Redfin.com and talked to local realtors. "Some of the neighborhoods included may not meet the conventional definition of 'hot,'" the company hedges in a release, "but are still trending among homebuyers."
In Houston, the three hottest neighborhoods are located all across the city, with prices ranging from the $260s to the high $360s— all above the city's median price of $245,000.
Located along the Bluewater Highway is Pointe West, south of Galveston and Jamaica Beach. Some 5 percent of homes here sell for above list price; the median sales price is $265,500. Properties — many waterfront — spend an average of 47 days on the market.
Clear Creek Forest
West of the Woodlands and off of Highway 249, Clear Creek Forest offers a value for those who want to live north. The average home here sells for $285,000; 10 percent sell for above list price. Homes here spend a mere 39 days on the market.
South Shore Harbor
Nestled below Clear Lake, South Shore Harbor represents a value for those who desire to live near Clear Lake, League City, and Kemah. Homes in South Shore Harbor average $350,000 and 4.7 percent sell over list price. Homes sit on the market for an average of 45 days.
As for the 10 hottest neighborhoods in the U.S., no Texas cities made the list. Instead, it concentrated largely on the Southeastern U.S., with the Washington, D.C. metro area making two appearances, likely thanks to Amazon's HQ2 announcement last year. The 10 Hottest Neighborhoods to Watch in 2020 are:
- No. 1 — Willowsford, Ashburn, Virginia (Washington, D.C. metro)
- No. 2 — Bal Harbour, Fort Lauderdale, Florida
- No. 3 — Wildwood, Charlotte, North Carolina
- No. 4 — West Arvada, Colorado (Denver metro)
- No. 5 — Waverly Hills, Arlington, Virginia (Washington, D.C. metro)
- No. 6 — Adamsdale, North Attleboro, Massachusetts
- No. 7 — Poplar Grove, Indianapolis
- No. 8 — West Ridge, Woodinville, Washington (Seattle metro)
- No. 9 — Raleigh, Memphis, Tennessee
- No. 10 — Old Town Rocklin, California (Sacramento metro)