Seattle’s North Maple Leaf neighborhood will be a hot market in 2013, according to Redfin’s latest study, reports the Puget Sound Business Journal. West Bellevue and Bothell are not far behind. Of the top 10 cities or neighborhoods, 8 are located in California. Only Chicago’s Logan Square and Seattle’s North Maple leaf neighborhoods are not.
Redfin, the Seattle-based online real estate company, asked its 600 agents which neighborhoods or cities in their areas will shine in the residential housing market for 2013. Redfin considered agents’ recommendations and narrowed down the list using data from the end of 2012 for on-market listings, sales volume, median price per square foot, and sale-to-list ratio.The best three neighborhoods in each region reflect shrinking inventory, rising sales, and increasing prices.
Chad Pluid, a Redfin agent, shared several reasons why the Seattle neighborhood is so attractive. “North Maple Leaf is in the Roosevelt School district and has lower prices than some of the surrounding neighborhoods like Wedgewood and Ravenna. There is easy access to I-5 South to commute to downtown.”
West Bellevue remains popular because of its proximity to downtown Bellevue and the Microsoft campus. Buyers who want affordable housing under $400K and strong public schools are looking to Bothell, which is relatively close to companies in the Bellevue/Redmond areas.