SEATTLE, May 3, 2018 /PRNewswire/ -- Today, Zillow®
announced the 20 most popular neighborhoods across the U.S. Topping
the list is The Oaks in Los
Angeles, Tuxedo Park in Atlanta, and Presidio Heights in San Francisco.
To identify the nation's most popular neighborhoods, Zillow
looked for places with the highest number of page views per listing
during the first three months of 2018[i]. Among the 20 most popular
neighborhoods on Zillow's list, 15 are along the West Coast in
either California or Washington. The remaining five neighborhoods
are in Georgia, Washington, D.C., and New York.
For the most part, these neighborhoods are among the toniest in
some of the most expensive cities in the country. While this
doesn't show a likelihood that more people will be buying homes and
moving in, it does show how many people wish they could, or are
curious about the neighborhood.
The typical for-sale listing in The Oaks neighborhood has
received almost 13,000 page views so far this year, compared to 365
page views on the typical U.S. home. The median list price in the
neighborhood is about $3.7 million,
more than double the median list price in the city of Calabasas, Calif., as a whole, where the
neighborhood is located. The typical home for sale in The Oaks is
about 5,600 square feet -- 3,800 square feet larger than the median
U.S. home[ii].
Tuxedo Park, the second most popular neighborhood on Zillow's
list, is in the city of Atlanta.
The typical home for sale in this neighborhood is listed for just
under $1.9 million and is 5,476
square feet. The typical home for sale in Tuxedo Park has received
10,759 page views so far this year. To compare, the median list
price in the city of Atlanta as a
whole is $320,450.
"Real estate shoppers are usually very aspirational, so it's no
surprise we have a lot of shoppers looking outside of where they
can likely afford and instead, looking at beautiful homes in
desirable areas," said Zillow senior economist Aaron Terrazas. "We see these more posh
neighborhoods drawing shoppers in, but ultimately, these probably
aren't the neighborhoods most will end up in – the typical price of
entry in the majority of neighborhoods on this list is generally
much higher than their city as a whole. But it's hard to blame
these buyers, because really, who hasn't dreamed big when home
shopping? Oohing and ahhing over beautiful homes has become one of
America's favorite pastimes."
Zillow's 20 Most Popular U.S. Neighborhoods
- The Oaks – Los Angeles
- Tuxedo Park – Atlanta
- Presidio Heights – San
Francisco
- Bel Air – Los Angeles
- Paradise Park – San
Francisco
- Cow Hollow – San
Francisco
- Point Dume – Los Angeles
- Beverly Glen – Los Angeles
- Montclair – San Francisco
- Laurelhurst – Seattle
- Kingswood – Atlanta
- Old Palo Alto – San Jose
- South Beach – San Diego
- Woodland-Normanstone Terrace – Washington, D.C.
- Brandon – Atlanta
- Miraloma Park – San
Francisco
- Crestwood – New York
- Meydenbauer – Seattle
- Tamalpais Valley – San
Francisco
- Hollywood Hills – Los
Angeles
Among Zillow's top 20 list, the median list price among for-sale
homes is lowest in the Crestwood neighborhood in the city of
Yonkers (New York metro). The
typical home for sale in this neighborhood is listed at
$559,735, with a median square
footage of 1,812. So far this year, the typical home for sale in
this neighborhood has received 5,822 page views.
Rank
|
Neighborhood
|
City
|
Metro
|
Page
Views per
Listing
|
Median List
Price
|
Median
Square
Footage
|
Median List
Price in the
City
|
1
|
The Oaks
|
Calabasas
|
Los Angeles-Long
Beach-Anaheim, CA
|
12,976
|
$3,699,000
|
5,603
|
$1,410,000
|
2
|
Tuxedo
Park
|
Atlanta
|
Atlanta,
GA
|
10,759
|
$1,875,000
|
5,476
|
$320,450
|
3
|
Presidio
Heights
|
San
Francisco
|
San Francisco,
CA
|
10,658
|
$2,895,000
|
3,041
|
$1,295,000
|
4
|
Bel Air
|
Los
Angeles
|
Los Angeles-Long
Beach-Anaheim, CA
|
8,697
|
$5,385,000
|
3,998
|
$799,777
|
5
|
Paradise
Park
|
Oakland
|
San Francisco,
CA
|
8,697
|
$727,000
|
1,058
|
$675,000
|
6
|
Cow Hollow
|
San
Francisco
|
San Francisco,
CA
|
7,990
|
$2,379,900
|
1,693
|
$1,295,000
|
7
|
Point Dume
|
Malibu
|
Los Angeles-Long
Beach-Anaheim, CA
|
7,730
|
$5,995,000
|
3,488
|
$4,500,000
|
8
|
Beverly
Glen
|
Los
Angeles
|
Los Angeles-Long
Beach-Anaheim, CA
|
7,336
|
$3,222,500
|
3,088
|
$799,777
|
9
|
Montclair
|
Oakland
|
San Francisco,
CA
|
7,022
|
$1,012,500
|
2,046
|
$675,000
|
10
|
Laurelhurst
|
Seattle
|
Seattle,
WA
|
7,002
|
$2,150,000
|
3,400
|
$749,950
|
11
|
Kingswood
|
Atlanta
|
Atlanta,
GA
|
6,754
|
$2,422,000
|
4,886
|
$320,450
|
12
|
Old Palo
Alto
|
Palo Alto
|
San Jose,
CA
|
6,599
|
$4,995,000
|
2,516
|
$2,896,500
|
13
|
South
Beach
|
Carlsbad
|
San Diego,
CA
|
6,286
|
$1,449,000
|
2,077
|
$889,000
|
14
|
Woodland-Normanstone
Terrace
|
Washington
|
Washington,
DC
|
6,114
|
$3,500,000
|
4,716
|
$548,774
|
15
|
Brandon
|
Atlanta
|
Atlanta,
GA
|
6,041
|
$1,545,000
|
4,206
|
$320,450
|
16
|
Miraloma
Park
|
San
Francisco
|
San Francisco,
CA
|
5,974
|
$1,199,000
|
1,641
|
$1,295,000
|
17
|
Crestwood
|
Yonkers
|
New York,
NY
|
5,822
|
$559,735
|
1,812
|
$419,000
|
18
|
Meydenbauer
|
Bellevue
|
Seattle,
WA
|
5,753
|
$2,847,444
|
2,440
|
$950,000
|
19
|
Tamalpais
Valley
|
Mill
Valley
|
San Francisco,
CA
|
5,745
|
$1,450,000
|
1,892
|
$1,590,000
|
20
|
Hollywood
Hills
|
Los
Angeles
|
Los Angeles-Long
Beach-Anaheim, CA
|
5,642
|
$2,449,000
|
2,605
|
$799,777
|
About Zillow
Zillow is the leading real estate and
rental marketplace dedicated to empowering consumers with data,
inspiration and knowledge around the place they call home, and
connecting them with great real estate professionals. In addition,
Zillow operates an industry-leading economics and analytics bureau
led by Zillow Group's Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of
economists and data analysts produce extensive housing data and
research covering more than 450 markets at Zillow Real Estate
Research. Zillow also sponsors the quarterly Zillow Home Price
Expectations Survey, which asks more than 100 leading economists,
real estate experts and investment and market strategists to
predict the path of the Zillow Home Value Index over the next five
years. Zillow also sponsors the bi-annual Zillow Housing Confidence
Index (ZHCI) which measures consumer confidence in local housing
markets, both currently and over time. Launched in 2006, Zillow is
owned and operated by Zillow Group Inc. (NASDAQ: Z and ZG), and
headquartered in Seattle.
Zillow is a registered trademark of Zillow, Inc.
[i] Zillow only analyzed neighborhoods with at least 10 for-sale
listings.
[ii] According to the 2017 Zillow Group Consumer Housing Trends
Report, the typical U.S. home is 1,800 square feet. This is true
for homes purchased and sold, as well as homes that have been owned
for a year or more.
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SOURCE Zillow