When it comes to fast growth, these neighborhoods are the ones to keep an eye on, according to Redfin. By analyzing Redfin user data and insights from local Redfin agents, a new report ranked the top 10 hottest U.S. neighborhoods of 2017. Washington, D.C.’s Deanwood ranked in seventh place.
In a statement, Redfin real estate agent Steve Centrella said, “Deanwood is becoming more popular for a number of reasons. First, the neighborhood has access to two Metro stations, providing quick commutes to Capitol Hill and Downtown. Second, there are a large number of single-family homes that are more affordable than similarly-sized homes in other parts of the city. You can get more home for your money, while staying within the city borders.”
Other neighborhoods that made the “hot” list included First Hill in Seattle, Golden Gate Heights in San Francisco, and Bucknall in San Jose.
To compile the list, Redfin compared growth in the median value of each neighborhood’s off-market homes to that of off-market homes throughout its metro area from February through July 2017. When describing a neighborhood as “hot,” Redfin means to say that the neighborhood outperformed its metro area in off-market home-value growth.
For Deanwood, the median sale price is currently $315,000, a 99.1 percent average sale-to-list price ratio with 31.4 percent of homes sold above the listing price.
For those who may not be very familiar with the Northeast neighborhood, DCist wrote a profile of the area, describing it as “once ... sleepy and affordable,” but now “picking up steam.”
Deanwood resident Seshat Walker told DCist that Deanwood has “a small town feel in an urban environment.”
The neighborhood also offers a modernized, $33 million Deanwood Recreation Center and Library, a $102 million renovated H.D. Woodson Senior High School, and the historic Strand Theatre, which is expected to be restored.
Redfin further broke down which neighborhoods in the nation were hottest in the first half of the year. The D.C. neighborhoods that were included in this list were Hillcrest and the Hillbrook-Mayfair-Mahaning Heights area. These neighborhoods were featured because their growth in median off-market home values were 20.1 percent and 20.8 percent, respectively.
For more details on this year’s “hot” list, be sure to check out Redfin’s full report.
• Is Deanwood Really The Next Brookland? [DCist]
• Upper Chevy Chase is Still Apparently a Hot Neighborhood [Curbed DC]