Zillow’s Most Popular U.S. Neighborhoods…
|May 5, 2018||Posted by RealestateSectors.Com under News, Options, Discussions & Offers About Real Estate Sectors...||
Zillow® announced the 20 most popular neighborhoods across the U.S. Topping the list is The Oaks in Los Angeles, Tuxedo Park in Atlanta, and Presidio Heights in San Francisco.
To identify the nation’s most popular neighborhoods, Zillow looked for places with the highest number of page views per listing during the first three months of 2018[i]. Among the 20 most popular neighborhoods on Zillow’s list, 15 are along the West Coast in either California or Washington. The remaining five neighborhoods are in Georgia, Washington, D.C., and New York.
For the most part, these neighborhoods are among the toniest in some of the most expensive cities in the country. While this doesn’t show a likelihood that more people will be buying homes and moving in, it does show how many people wish they could, or are curious about the neighborhood.
The typical for-sale listing in The Oaks neighborhood has received almost 13,000 page views so far this year, compared to 365 page views on the typical U.S. home. The median list price in the neighborhood is about $3.7 million, more than double the median list price in the city of Calabasas, Calif., as a whole, where the neighborhood is located. The typical home for sale in The Oaks is about 5,600 square feet — 3,800 square feet larger than the median U.S. home[ii].
Tuxedo Park, the second most popular neighborhood on Zillow’s list, is in the city of Atlanta. The typical home for sale in this neighborhood is listed for just under $1.9 million and is 5,476 square feet. The typical home for sale in Tuxedo Park has received 10,759 page views so far this year. To compare, the median list price in the city of Atlanta as a whole is $320,450.
“Real estate shoppers are usually very aspirational, so it’s no surprise we have a lot of shoppers looking outside of where they can likely afford and instead, looking at beautiful homes in desirable areas,” said Zillow senior economist Aaron Terrazas. “We see these more posh neighborhoods drawing shoppers in, but ultimately, these probably aren’t the neighborhoods most will end up in – the typical price of entry in the majority of neighborhoods on this list is generally much higher than their city as a whole. But it’s hard to blame these buyers, because really, who hasn’t dreamed big when home shopping? Oohing and ahhing over beautiful homes has become one of America’s favorite pastimes.”
Zillow’s 20 Most Popular U.S. Neighborhoods
The Oaks – Los Angeles
Tuxedo Park – Atlanta
Presidio Heights – San Francisco
Bel Air – Los Angeles
Paradise Park – San Francisco
Cow Hollow – San Francisco
Point Dume – Los Angeles
Beverly Glen – Los Angeles
Montclair – San Francisco
Laurelhurst – Seattle
Kingswood – Atlanta
Old Palo Alto – San Jose
South Beach – San Diego
Woodland-Normanstone Terrace – Washington, D.C.
Brandon – Atlanta
Miraloma Park – San Francisco
Crestwood – New York
Meydenbauer – Seattle
Tamalpais Valley – San Francisco
Hollywood Hills – Los Angeles
Among Zillow’s top 20 list, the median list price among for-sale homes is lowest in the Crestwood neighborhood in the city of Yonkers (New York metro)… Read more… (on Zillow Mediaroom)>>>