Do you work in the Adair Park, Capitol View, or West End/Westview housing markets? If so, 2017 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 2017; Redfin based its predictions on website page views and local perspectives.
Here are the specific stats Redfin shared on the three neighborhoods, including the “Hot Homes,” share, meaning the share of homes that sell quickly:
| Neighborhood | Median Sales Price | Median Days on Market | Average Sale-to-List | Hot Homes Share |
|---|---|---|---|---|
| Adair Park | $128,000 | 112 | 93.5% | 44.4% |
| Capitol View | $89,000 | 83 | 95.3% | 47.9% |
| West End/Westview | $130,000 | 97 | 100% | 45% |
Victoria Hurd, an agent with Redfin, said a reverse migration has fueled demand for Adair Park.
“Lately, neighborhoods like Adair Park have seen a new wave of popularity, as people move back in from the suburbs around Atlanta and want to be closer to the city center,” she said. “Many homebuyers have been priced out of more established neighborhoods, but Adair Park is one of the last neighborhoods close to downtown where first-time homebuyers can still find nice homes in the $100,000 to $200,000 range. This neighborhood has also become really popular as more people have opted for car-free lifestyles; it’s right next to the West End MARTA rail station and has a Bike Score of 72, making transportation quick and easy.”
Photo Credit: Holizz, Creative Commons Attribution-Share Alike 3.0 Unported, https://commons.wikimedia.org/wiki/File:Adair_Park,_Decatur_01.JPG