Photo by PoPville flickr user Ian Livingston
From an email:
“Redfin just released a ranking of the most competitive neighborhoods for homebuyers in 2015. No neighborhoods in our area made the top 30 nationally (they were all in Boston, Seattle, SF and Portland), however we found AU Park was the most competitive neighborhood in DC, followed by Mount Pleasant and U Street.
We determined the ranking by calculating 7 factors, including the % of homes that sold above asking, the median days on market, the percentage of all cash offers and the percentage of Redfin offers that faced bidding wars.
Here are the top 10. Some of them are 2 neighborhoods combined, but that still gives a good picture of the areas that were hottest this year.”
Ed. Note: Amazing that Southwest had 77.6% all cash offers according to the graph below. Apologies for having to split it into two images: