SEATTLE, Feb. 12, 2019 /PRNewswire/ -- According to a
Zillow® analysis, home shoppers desire homes in some of the most
luxurious neighborhoods in the country.
Just ahead of Valentine's Day, Zillow analyzed which
neighborhoods in major metro areas have the most-loved homes, based
on the number of favorites per homei. Favoriting a home
on Zillow is a way for shoppers to save homes they're interested
in, making it easy to show a friend, partner or real estate
agent.
The most swooned-over areas are luxury neighborhoods, popular
vacation or retirement communities, and up-and-coming urban locales
that offer potential investment opportunities.
Topping the list are The Oaks, a star-studded neighborhood near
Los Angeles in Calabasas, Lake Nona Estates, a golfing
community in Orlando, and
Kingswood, located in Atlanta's
affluent Buckhead district. Home values in each of these
neighborhoods are at least three times greater than in their
overall metro areas.
"The heart moves in mysterious ways – in real estate as often as
in love. But in both love and real estate, there are some common
patterns. The homes that Zillow shoppers have loved the most over
the past year cluster into the beautiful, the fun, and the
expensive," said Zillow senior economist Aaron Terrazas. "Inventory is starting to
recover, but home shoppers still have to decide between the
must-haves and the extras that they are willing to do without.
Shoppers may gravitate toward fantasy homes and neighborhoods
initially, but most often decide on homes in more affordable
communities with good access to transit and jobs, as evidenced by
home prices growing fastest in these types of areas."
A well-presented home for sale draws the eyes of home shoppers,
so sellers should follow the hearts as well. A previous Zillow
analysis found that homes with more favorites sell faster and for
more money. Homes across the U.S. that receive 30 or more favorites
within their first week of hitting the market typically sell in
under two weeksii, with more than 40 percent selling
above list price. Sellers can check their Owner Dashboard to track
how many people have favorited their home.
These are the most-favorited neighborhoods in each of the
nation's 35 largest metros:
Metro
|
Neighborhood
|
City
|
Median
Home
Value in
Metro
Areaiii
|
Median Home
Value in
Neighborhood
|
% above
Metro
Home
Value
|
$ above
Metro
Home Value
|
New York,
NY
|
Riverdale
|
New York,
NY
|
$437,300
|
$952,300
|
118%
|
$515,000
|
Los Angeles-
Long Beach-
Anaheim, CA
|
The Oaks
|
Calabasas,
CA
|
$650,200
|
$3,030,600
|
366%
|
$2,380,400
|
Chicago,
IL
|
Lincoln
Park
|
Kenosha,
WI
|
$224,200
|
$462,200
|
106%
|
$238,000
|
Dallas-Fort
Worth, TX
|
Las
Mariposas
|
Garland,
TX
|
$240,200
|
N/A
|
N/A
|
N/A
|
Philadelphia,
PA
|
Manayunk
|
Philadelphia,
PA
|
$231,800
|
$225,200
|
-3%
|
-$6,600
|
Houston,
TX
|
Downtown
|
Houston,
TX
|
$204,300
|
$305,400
|
49%
|
$101,100
|
Washington,
DC
|
Langston
|
Washington,
DC
|
$404,100
|
$531,800
|
32%
|
$127,700
|
Miami-Fort
Lauderdale,
FL
|
Pineapple Park
- Ibis
|
West Palm
Beach, FL
|
$282,700
|
$464,300
|
64%
|
$181,600
|
Atlanta,
GA
|
Kingswood
|
Atlanta,
GA
|
$216,600
|
$1,589,700
|
634%
|
$1,373,100
|
Boston, MA
|
Ellisville
|
Plymouth,
MA
|
$463,600
|
$417,700
|
-10%
|
-$45,900
|
San
Francisco, CA
|
West Sherman
Acres
|
Pleasant Hill,
CA
|
$962,300
|
$653,900
|
-32%
|
-$308,400
|
Detroit,
MI
|
Palmer
Woods
|
Detroit,
MI
|
$159,400
|
N/A
|
N/A
|
N/A
|
Riverside,
CA
|
Escena
|
Palm Springs,
CA
|
$365,400
|
N/A
|
N/A
|
N/A
|
Phoenix,
AZ
|
The
Gardens
|
Gilbert,
AZ
|
$263,200
|
$231,400
|
-12%
|
-$31,800
|
Seattle,
WA
|
North
Creek
|
Bothell,
WA
|
$488,400
|
$632,600
|
30%
|
$144,200
|
Minneapolis-
St Paul, MN
|
Mckinley
|
Minneapolis,
MN
|
$266,000
|
$152,800
|
-43%
|
-$113,200
|
San Diego,
CA
|
South
Beach
|
Carlsbad,
CA
|
$592,700
|
N/A
|
N/A
|
N/A
|
St. Louis,
MO
|
Tiffany
|
Saint Louis,
MO
|
$166,500
|
N/A
|
N/A
|
N/A
|
Tampa, FL
|
Bartlett
Park
|
Saint
Petersburg,
FL
|
$212,900
|
N/A
|
N/A
|
N/A
|
Baltimore,
MD
|
Garwyn
Oaks
|
Baltimore,
MD
|
$267,600
|
N/A
|
N/A
|
N/A
|
Denver, CO
|
Jefferson
Park
|
Denver, CO
|
$403,600
|
$534,900
|
33%
|
$131,300
|
Pittsburgh,
PA
|
Southside
Flats
|
Pittsburgh,
PA
|
$143,800
|
$210,300
|
46%
|
$66,500
|
Portland,
OR
|
Forest Park -
Linnton
|
Portland,
OR
|
$395,700
|
$540,000
|
36%
|
$144,300
|
Charlotte,
NC
|
First Ward
|
Charlotte,
NC
|
$205,100
|
$292,400
|
43%
|
$87,300
|
Sacramento,
CA
|
Old North
Sacramento
|
Sacramento,
CA
|
$406,900
|
$216,200
|
-47%
|
-$190,700
|
San Antonio,
TX
|
Maverick
Creek
|
San Antonio,
TX
|
$191,800
|
N/A
|
N/A
|
N/A
|
Orlando,
FL
|
Lake Nona
Estates
|
Orlando,
FL
|
$235,300
|
$1,485,600
|
531%
|
$1,250,300
|
Cincinnati,
OH
|
Linwood
|
Cincinnati,
OH
|
$167,700
|
$197,800
|
18%
|
$30,100
|
Cleveland,
OH
|
Boulevard
|
Shaker
Heights, OH
|
$145,000
|
$363,800
|
151%
|
$218,800
|
Kansas City,
MO
|
Timberland
Creek
|
Overland
Park, KS
|
$190,500
|
N/A
|
N/A
|
N/A
|
Las Vegas,
NV
|
Midway
|
Henderson,
NV
|
$278,000
|
$254,000
|
-9%
|
-$24,000
|
Columbus,
OH
|
Southern
Orchards
|
Columbus,
OH
|
$188,400
|
N/A
|
N/A
|
N/A
|
Indianapolis,
IN
|
Mapleton-Fall
Creek
|
Indianapolis,
IN
|
$162,700
|
N/A
|
N/A
|
N/A
|
San Jose,
CA
|
Downtown
North
|
Palo Alto,
CA
|
$1,253,500
|
$2,699,400
|
115%
|
$1,445,900
|
Austin, TX
|
Downtown
|
Austin, TX
|
$306,600
|
$424,700
|
39%
|
$118,100
|
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. 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 In each neighborhood, Zillow measured the number of
saved homes in each neighborhood per the number of homes with an
available Zestimate. This analysis was limited to neighborhoods
with 200 Zestimates or more.
ii Time to sell in this analysis refers to the time it
takes for the seller to accept an offer – time to go
pending.
iii As of December 2018
using the Zillow Home Value Index, a smoothed, seasonally adjusted
measure of the median estimated home value in a given region.
View original
content:http://www.prnewswire.com/news-releases/homes-in-luxury-neighborhoods-the-object-of-desire-for-home-shoppers-300793690.html
SOURCE Zillow