City Park Ranks As One Of The Hottest Neighborhoods In US

Dated: 03/08/2014

Views: 967

According online real estate service, Redifin Corp., Denver’s very own City Park has been ranked among the nation's 10 "hottest neighborhoods of 2014."  The City Park neighborhood takes the number nine spot on the list of residential real estate markets nationwide with the greatest growth in popularity over the last four months.

Redfin says it developed the list based off the activity of its website users. The company then “tallied hundreds of millions of pages they visited and homes they added as favorites to monitor for price changes or sales.”
Redfin reported that the City Park neighborhood in Colorado has seen a 276 percent growth in page views on its site over the last year. It pegged median prices in the neighborhood at $394,500.
Industry experts agree that City Park is known for its charming mid-century bungalows that often have large yards, which are ideal for young families. Add to that the 10-minute commute from downtown Denver and you’ve got a hotspot worthy of the notoriety.
Redfin said that, like City Park, most of the top-rated neighborhoods offered affordable prices and short commutes either by car or public transit.
Real estate experts note that since home prices are on the rise, people are often looking for still-close-in but often-overlooked neighborhoods in search of affordability, even if means less-fashionable restaurants or a home that needs a little more work. This trend is indicative that today’s buyers are determining a reasonable price range and sticking to their budgets.
Topping Redfin’s hot-neighborhood list is the Bernal Heights North Slope area of San Francisco, where homes go for a median $982,500.
In the Denver area alone, the hottest neighborhoods as ranked by Redfin are:

     1. City Park
     2. Skyland
     3. Wadsworth Corridor
     4. North Kipling  
     5. Applewood Valley
Blog author image

Carla Winter - Raymond Selix

Ray and Carla have been working as a team since 1995. Carla’s extensive knowledge of the Denver area real estate market not only includes over 35 years as a Real Estate Broker Associate but also in....

Latest Blog Posts

5 Financing Options For First Time Home Buyers

As a first time home buyer, you may think you’ve only got a handful of financing options to choose from when selecting your first property. However, there are actually several options to choose

Read More

Rising Inventory Causing Decrease In Bidding Wars

According to Seattle-based real estate brokerage Redfin, lower-priced properties in Denver can still garner a high amount of attention, but overall, the days when a home in metro Denver would list

Read More

Looking For Homes In Denver Make Mortgage PreApproval Your First Step

So you’ve decided to start looking at homes in Denver. You may think the first step is to hop on the MLS and see what’s available, but do you even know how much house you can afford? That’s

Read More

Despite Lower Interest Rates Affordability Issues Remain In Denver

While falling mortgage rates have put some energy back into existing home sales, new home purchases are taking a hit. According to Robert Dietz, chief economist at the National Association of

Read More