1… First Hill, Seattle, WA:
Median Sale Price: $425,000
Average Sale-to-List Price Ratio: 105.4%
Percent of Homes that Sold Above List Price: 73.0%
“First Hill is sandwiched between the ever-popular Capitol Hill and the Yesler Terrace redevelopment, with easy access to downtown,” said Seattle Redfin agent Jessie Culbert. “With Whole Foods opening in 2018 at the Danforth apartment building, the area is becoming even more desirable. Buyers tend to like the more quiet, tree-lined streets in this neighborhood and historic mansions that hearken back to Seattle’s heritage. All we need is more inventory; resales at Luma condos, which sold out in 2016, have been brisk, signaling high demand for new construction.”
2… Golden Gate Heights, San Francisco, CA:
Median Sale Price: $1,595,500
Average Sale-to-List Price Ratio: 120.3%
Percent of Homes that Sold Above List Price: 86.7%
“Golden Gate Heights borders the very popular Inner Sunset neighborhood,” said San Francisco Redfin agent Miriam Westberg. “It may be a slightly longer walk to area restaurants and shops, but homes are often more affordable and can boast great views of the Marin Headlands and the Golden Gate Bridge. The neighborhood has easy access to public transportation, Golden Gate Park, Irving Street and the West Portal commercial core.”
3… Bucknall, San Jose, CA:
Median Sale Price: $1,350,000
Average Sale-to-List Price Ratio: 115.1%
Percent of Homes that Sold Above List Price: 90.9%
“Bucknall has been on the rise for quite some time, and we don’t see that changing anytime soon,” said Redfin San Jose agent Jennifer Tollenaar. “Bucknall has a highly ranked school system and is in close proximity to downtown San Jose. There is plenty of shopping and dining nearby, and it’s easy to jump on the interstate for weekend getaways.”
4… Glenview, Oakland, CA:
Median Sale Price: $947,500
Average Sale-to-List Price Ratio: 125.7%
Percent of Homes that Sold Above List Price: 82.1%
“The Glenview neighborhood is a popular choice for Oakland homebuyers given its proximity to public commuter buses into San Francisco, a popular commercial district, the highly-ranked local elementary school and charming mix of craftsman bungalows,” said Redfin Oakland agent Neal Conatser. “Once touted by San Francisco Magazine as a neighborhood for ‘finding a deal,’ its desirability is no longer a secret and, like many surrounding neighborhoods, competition and price points are expected to rise appreciably.”