Next hot Bay Area neighborhoods might surprise you

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Real estate site Redfin listed its picks for the next hottest neighborhoods or small cities across the country, and it’s no surprise that three of them are in the Bay Area (8 out of the 10 are in California!). What might surprise you is which neighborhoods Redfin agents predict will be hottest in 2013.

OK, coming in at No. 9, The Mission District might not surprise you. But San Jose’s Willow Glen neighborhood at No. 6? Livermore at No. 5? Hmm.

Where would the up-and-coming type Bay Area resident live in these neighborhoods? Here are the hippest looking pads we could find there:

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Redfin’s post explains: “the hottest neighborhoods aren’t the well-known bastions of privilege. They’re once-gritty urban areas and far-flung suburbs with school districts on the rise.”

How did Redfin decide which neighborhoods to designate as  ”hot”? They looked for “shrinking selection, increasing sales, and increasing prices—often at rates far above the metro areas that contain them.” Listings in the Mission are down 29 percent, sales are up 17 percent and prices are up 80 percent (!), all year-over-year as of December. Listings in Willow Glen are down 60 percent, sales are up 9 percent and prices are up 32 percent. In Livermore, listings are down 71 percent, sales are up 13 percent and prices up 20 percent.

Indeed, this article describes  Willow Glen as both trendy and upward bound. As much as we searched, we couldn’t find any recent article that used the words “trendy” and “Livermore” together, but if Redfin is right, you may be able to say a few years from now that you moved to Livermore before Livermore was cool.

By the way, the LA neighborhoods that made the list are: Glassell Park (7), Eagle Rock (4), Faircrest Heights (3) and Highland Park (1). In San Diego, Mira Mesa was listed at No. 2.

Carrie Kirby is a freelance writer who recently returned to the Bay Area after living for six years in Chicago. Carrie is more heavily invested in real estate than she ever expected to be, since she and her husband are now long-distance landlords of their Chicago home, and have also purchased a house in Alameda. She posts about interesting properties and real estate trends in San Francisco and Silicon Valley every Tuesday. Carrie also shares money-saving tips on her blog, Frugalistic Mom.

Article source: http://blog.sfgate.com/ontheblock/2013/01/22/next-hot-bay-area-neighborhoods-might-surprise-you/

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