Highland Park America's Hottest Neighborhood For Real Estate
Bet you wish you were in on the pre-recession Flip This House phenomenon now.
Mrs Marissa Lynn / Flickr
That's because it turns out that Highland Park, a star of the show, is getting its post-recession due. No, it's not the hippest neighborhood in Los Angeles.
But it does top Redfin's list of American "Real Estate Neighborhoods To Watch In 2013:"
A spokesperson for Redfin pointed out to the Weekly that California dominates the list:
In the list of the top 10 neighborhoods to watch nationwide, eight out of 10 are in California, and four are in the L.A. area, including Highland Park, Faircrest Heights, Eagle Rock and Glassell Park. The homes in these neighborhoods are still relatively affordable, but we expect to see the biggest price increases happen in these areas this year.
After bottoming out during the recession, many of the neighborhoods are expected to see an increase in value. Highland Park saw a 31 percent increase in median real estate value last year, according to the listing service and online brokerage.
Here's the whole list:
Los Angeles Highland Park
SF East Bay
SF Silicon Valley
North Maple Leaf