City Park Ranks As One Of The Hottest Neighborhoods In US

Dated: 03/08/2014

Views: 989

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

These Denver Neighborhoods Bring In The Most Return On Investment

According to a recent analysis from the Denver Business Journal, the average Denver County home has produced dramatically higher returns on investment over the past ten years when compared to the

Read More

Exploring Denvers Goldsmith Neighborhood

Bound by Yale, Evans, and Quebec, Goldsmith is a popular southern Denver neighborhood that offers an easy commute to different parts of the city, as well as a quiet and residential feel. Homes here

Read More

Denvers Real Estate Scene Becoming Better For Buyers But Its Still A Sellers Market

Denver can still be considered a seller’s market, however, homes are taking longer to sell in the Mile High City, and there’s also more to choose from, according to the September report from

Read More

Home Price Gains In Denver Fall Below National Average

After years of strong appreciation, home price gains in metro Denver are falling below the national average, according to Zillow, who said its Denver Home Price Index has risen 3.4% to $411,200 the

Read More