Redfin recently released its study on 48 emerging neighborhoods in 16 metro areas across the United States. The hottest neighborhoods ended up being the “once-gritty urban areas and far-flung suburbs with school districts on the rise.” Eight of the top 10 ended up being in California, and the top neighborhood? Right here in Los Angeles – Highland Park!
Highland Park saw a 49% drop in inventory in one year starting December 2011, along with a 72.7% rise in sales and a 31.2% increase in median prices.
Other top Los Angeles neighborhoods include Faircrest Heights and Eagle Rock.