It's the season to predict the hottest neighborhoods in town, and the heat is rising in Arapaho Heights. The Richardson community ranks as Dallas' hottest neighborhood for 2017, according to Redfin's annual predictions. The real estate brokerage firm determined the rankings based on search popularity in addition to feedback from local agents.
Arapaho Heights has a lot to offer its residents, says Dallas agent Karen Nesbit. "Many of the homes are built in the midcentury modern style that is highly favored by current buyers. New industries and businesses continue to pop up in the suburbs north of Dallas, especially Plano, making Arapaho Heights a good spot to buy a home if you want to commute for work up north, but still be within a relatively short drive of downtown Dallas. There are also highly rated schools in this area. "
The median price for a home in that area is $277,400, and you'll have to act quick, because houses only last around 31 days on the market.
That's fast, but Skillman Forest Park is practically on fire. The homes in this Garland-area neighborhood are selling like hotcakes, only spending 17 days on the market with a median price of $158,200. It's no wonder it comes in as the second hottest 'hood.
The third hottest locale on Redfin's report is another Garland spot — Walnut Terrace. Homes here will set you back $145,000 and spend 25 days on the market.
Redfin's top Dallas neighborhoods differ from Zillow's predictions for the highest growth neighborhoods in town, but both real estate sites favor Richardson and Garland for 2017. This suggests that the predictably trendy sections of Dallas may be getting a little pricey for homebuyers, pushing them to the more affordable outskirts.
Redfin data shows this trend occurring across the country, as people are moving away from downtown areas even though that means a longer commute. Homes in outlying communities have "the best balance of everything: quick access to public transit, trendy shopping and dining options, plus larger move-in ready homes with charm and price tags that are a little easier to bear."
