Do you work in these housing markets?
Do you work in the West End, Grant Park or Reynoldstown housing markets? If so, 2016 may prove to be a busy year.
According to the new “Hottest Neighborhoods” rankings from Redfin, those three neighborhoods will see the most real estate activity in all of Atlanta in 2016; Redfin based its predictions on recent growth in page views and favorites for the communities on Redfin.com.
Here are the specific stats Redfin shared on the three neighborhoods:
| Neighborhood | Median Sale Price | Median Days on Market | Average Sale-to-List Percentage |
|---|---|---|---|
| West End | $122,000 | 48 | 97.6% |
| Grant Park | $327,500 | 15 | 99.5% |
| Reynoldstown | $277,500 | 12 | 99.8% |
Will Fassinger, an Atlanta-area agent with Redfin, said West End’s location and personality have made it appealing to homebuyers.
“Real estate pioneers are flocking to West End because it’s in a great location, situated on the Weside Trail with plenty of green space, parks and close proximity to the Beltline,” Fassinger said. “People also like West End because it has beautiful, historic Queen Anne, Folk Victorian and bungalow homes with lots of character that are being restored with modern amenities.”
Indeed, Redfin’s report highlighted two trends – affordability concerns and character – that are driving homebuyers in 2016.
Photo Credit: KenWalker, Creative Commons Attribution 2.0 Generic, https://commons.wikimedia.org/wiki/File:Grant_Park_sign.jpg