Redfin Names Boston’s Hottest Neighborhoods
In a report released today, real estate brokerage Redfin predicted the hottest neighborhoods of 2016—including its top three picks for Boston.
Topping the list is the area just east of Tufts University: South Medford. It’s followed by tech hub Kendall Square and Somerville’s Cobble Hill. Redfin came to these conclusions based on a few factors: measuring home views and favorites by users on redfin.com, and by talking to local Redfin agents about neighborhood trends.
Agent Nancy McLaughlin grew up in Medford, and notes the area is widely desired because it’s a lower cost option than neighboring Cambridge and Somerville.
“For a long time Medford didn’t have commercial centers with shops, restaurants and other amenities,” says McLaughlin. “Due to the revitalization of Assembly Row and growth in Station Landing, Medford has more amenities that are drawing first-time buyers and empty nesters alike.”
Homes prices in South Medford average at $500,00, while Kendall Square homes are a bit pricier at $672,500. Cobble Hill’s median price tag is $617,000. Listings in all of Redfin’s hottest Boston neighborhoods only spend about eight to nine days on the market before they’re sold.
Boston’s Hottest Neighborhoods, According to Redfin
- South Medford
- Kendall Square, Cambridge
- Cobble Hill, Somerville