While home sales moderated in most of the country this year, in some neighborhoods competition proved fierce for home buyers, with bidding wars and escalating prices.
1. Sunset District (San Francisco)
• Median sales price: $955,000
• 2014 price growth: 12.5%
• Multiple offers: 54.2%
• Sold above asking price: 87.9%
2. Castro (San Francisco)
• Median sales price: $1,294,500
• 2014 price growth: 7.9%
• Multiple offers: 52.9%
• Sold above asking price: 84.6%
3. Bernal Heights (San Francisco)
• Median sales price: $1,050,000
• 2014 price growth: 13.5%
• Multiple offers: 58.1%
• Sold above asking price: 78.1%
4. Jamaica Plain (Boston)
• Median sales price: $457,000
• 2014 price growth: 8.8%
• Multiple offers: 72.9%
• Sold above asking price: 60.9%
5. Silver Lake (Los Angeles)
• Median sales price: $822,000
• 2014 price growth: 14.2%
• Multiple offers: 71.9%
• Sold above asking price: 55.6%
6. Almaden Valley (San Jose)
• Median sales price: $1,080,000
• 2014 price growth: 15.1%
• Multiple offers: 56.7%
• Sold above asking price: 65.7%
7. Ardenwood (Oakland)
• Median sales price: $780,000
• 2014 price growth: 11.3%
• Multiple offers: 44.7%
• Sold above asking price: 75.7%
8. Cambrian Park (San Jose)
• Median sales price: $812,000
• 2014 price growth: 11.1%
• Multiple offers: 52.5%
• Sold above asking price: 67.9%
9. Ravenna (Seattle)
• Median sales price: $582,500
• 2014 price growth: 11.5%
• Multiple offers: 62.9%
• Sold above asking price: 57.3%
10. Allston/Brighton (Boston)
• Median sales price: $336,225
• 2014 price growth: 8.5%
• Multiple offers: 70%
• Sold above asking price: 49.5%
Source: “The Most Competitive Neighborhoods for Homebuyers in 2014,” Redfin (Dec. 22, 2014)
Rick Funk Century 21 Alpha WWW.RickFunk.com
C21Funk@aol.com
(408)629-6099
