For first-time homebuyers, the biggest question is: where should I live? A new list may help you narrow down your options.
On January 28, real estate brokerage Redfin released its annual ranking of the hottest neighborhoods to watch in 2020. Along with listing the 10 hottest 'hoods in the nation (we'll get to those later), Redfin also crunched numbers on the three buzziest communities in Fort Worth and 60 other major metro areas.
To find these hot spots, Redfin examined neighborhoods with the greatest year-over-year growth in listing pageviews on Redfin.com and talked to local realtors. "Some of the neighborhoods included may not meet the conventional definition of 'hot,'" the company hedges in a release, "but are still trending among homebuyers."
In the Fort Worth metro area, the three hottest neighborhoods vary greatly by location and price point:
Hulen Springs Meadow
Located off South Hulen Street and Sycamore School Road sits the affordable neighborhood of Hulen Springs Meadow. With a median sale price of just $197,450, homes in this area clock in well below the Fort Worth median of $249,000. Homes spend a median 29 days on the market, the shortest time among the three featured Fort Worth neighborhoods (and good news for sellers).
In Colleyville, homes go for well above the median Fort Worth price. Redfin says the median sale price in the upscale community is $585,000 — more than double the Fort Worth median. Despite the hefty list price, homes stay on the market for only 47 days.
Homes in the lakeside community of Eagle Mountain fall right in line with the metro median. The median price comes in at $255,000, says Redfin, and properties spend about 48 days on the market.
As for the 10 hottest neighborhoods in the U.S., no Texas cities made the list. Instead, it concentrated largely on the Southeastern U.S., with the Washington, D.C. metro area making two appearances, likely thanks to Amazon's HQ2 announcement last year. The 10 Hottest Neighborhoods to Watch in 2020 are:
- No. 1 — Willowsford, Ashburn, Virginia (Washington, D.C. metro)
- No. 2 — Bal Harbour, Fort Lauderdale, Florida
- No. 3 — Wildwood, Charlotte, North Carolina
- No. 4 — West Arvada, Colorado (Denver metro)
- No. 5 — Waverly Hills, Arlington, Virginia (Washington, D.C. metro)
- No. 6 — Adamsdale, North Attleboro, Massachusetts
- No. 7 — Poplar Grove, Indianapolis
- No. 8 — West Ridge, Woodinville, Washington (Seattle metro)
- No. 9 — Raleigh, Memphis, Tennessee
- No. 10 — Old Town Rocklin, California (Sacramento metro)