5 most competitive neighbourhoods

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Сабина
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5 most competitive neighbourhoods

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http://www.msn.com/en-us/money/realesta ... ar-BBhtjZh
Sunset District - San Francisco. This neighborhood used to be one of last resort for homebuyers but good schools and relative affordability compared to the rest of the city are attracting new buyers. “Older residents who have paid off their homes are cashing in while new families and renters are moving in,” Redfin agent Derrick Lee said in the report. Median Sale Price: $955,000

Castro – San Francisco. Demand for real estate in the Castro, one of the most vibrant San Francisco neighborhoods dotted with shops and bars, is so strong that realtors often convince buyers to send competitive offers before an offer deadline in the hope that sellers accept it prior to reviewing all the other anticipated bids. Median Sale Price: $1.29 million

Bernal Heights – San Francisco. A good location for those commuting south to the Silicon Valley, Bernal also offers a variety of local cafes, boutiques, bar and parks. “Due to this draw, many Bernal properties are receiving multiple offers and some are selling for as much as 30 percent over their asking price,” said Redfin agent Miriam Westberg. Median Sale Price: $1.05 million

Jamaica Plain – Boston. Competition somewhat abated in the fall in Jamaica Plain after the local market reached a tipping point with buyers becoming wary of overpaying. But the neighborhood, southwest of Boston, continues to attract many thanks to its green outdoor space, yoga studios, coffee shops and convenience of three local T stops. Median Sales Price: $457,000

Silver Lake – Los Angeles. More than 29 percent of offers in Silver Lake so far this year were all-cash offers, the highest of the top five most competitive neighborhoods. “Everyone wants to live in Silver Lake for several reasons,” said Earnest Watts, Redfin agent in Los Angeles, citing its convenient location near downtown and several freeways, green outdoor space and Ivanhoe, a highly rated public elementary school. Median Sale Price: $822,000
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