5 Places to Live Next: Where You’ll Want to Be In 2016

We asked five real estate experts to identify the next hot neighborhoods. With the recession (almost) behind us, these emerging spots are on the brink of discovery and development.

Published Mar 15, 2011, 5:00am

Sammamish
Chosen by Dr. Stan Humphries,  chief economist of Zillow

While Sammamish is technically a suburb, developers are planning to create a city center by placing a town hall, retail, and small-unit homes around a European-inspired centralized plaza to make it a walkable neighborhood void of those impersonal suburban strip malls. By welcoming people who are unwilling to trade commuting time for home price, this midrange to upper-end neighborhood already known for its good schools and easy access to 520 and I-90 is set to become a community perfect for the stroller brigade. “People are looking for that communal sense of neighborhood,” Humphries says, “and Sammamish is creating what people will want in the future.”

Central District
Chosen by Glenn Kelman,  president of Redfin

The Central District is the Little Neighborhood That Could. “Two or three years ago, it had a shot at the title for Seattle’s hot new spot, as artists and gay men gentrified the area,” says Kelman. The CD lost its footing when the real estate bubble burst, but people are beginning to eye the southern edge of Capitol Hill once more. It’s a natural option for young families who want a bigger house and a bigger yard without having to sacrifice access to nightlife, and its proximity to I-5, I-90, and downtown Seattle make this an up-and-comer worth betting on. As soon as the school system improves, nothing will stop the flow of transplants into this ultraconvenient nabe.

South Lake Union
Chosen by Christopher Tanaka,  broker at John L. Scott

For a city to thrive, it needs a dense epicenter with an eclectic and vibrant population. Thanks to Amazon’s recent relocation to South Lake Union, the neighborhood—already an enclave of young professionals—will draw many of the web goliath’s creative task force, spurring development of even more condos and restaurants. As the area fills up, the younger demographic may spill over into Belltown and Capitol Hill, but SLU will remain the focal point for change. “For the most part, you’re going to see families and executives try to stay in SLU,” Tanaka says. “It’s going to be pretty dense down there.”

Columbia City
Chosen by Matthew Gardner,  economist of real estate advisory firm Gardner Economics

Artists helped revitalize Columbia City—now home to a flourishing retail scene reminiscent of an early Ballard—and the light rail has cut commute times from downtown to this South Seattle neighborhood. “Mass transit, which has been woefully inadequate in the past, is improving dramatically,” Gardner says. “This will give young professionals and older people wanting to downsize access to downtown.” Already treated to perks like enticing bakeries, trendy restaurants, and the indie music venue Columbia City Theater, residents have it all (including proximity to Seward Park, Genesee Park, and Rainier Playfield) without having to pay the prices commanded in nearby nabes like Beacon Hill, Seward Park, and Mount Baker.

Hilman City
Chosen by Jennifer Nelson,  broker at Windermere Real Estate

Hillman City—Columbia City’s under-the-radar little brother—is guaranteed to profit as its grown-up sibling’s success begins to spill over. Restaurants and shops are popping up in the diverse neighborhood where the Night Out in Hillman City block party attracts residents from dozens of ethnicities. Seward Park, Genesee Park, and Lake Washington fulfill an outdoor lover’s needs. “You can launch your boat and be cruising around Lake Washington in 20 minutes, easy,” Nelson says. And there are more owners than renters, solidifying the community and making it a first-time buyer’s dream.

Tuesday, November 20, 2012

Feeling The Fringe.

Wake up and smell the Coffee!

FINALLY, home sales in the USA were up 2% over last year in October (4.79 million). If you are going out to buy here in the near future and don't have the BIG BUCKS to spend you may want to consider this; look in an area that is fringe or transitional. You may want to follow these logos.

The easiest way is find good fringe areas is to look for new businesses like good ol' Starbucks or Whole Foods popping up in the area. Trader Joe's is another tell-tale sign that equity is headed your way. You'd better believe that big chains like these guys are going to spend a ton of money analyzing the neighborhoods before they open their doors. So don't be scared! Tap into their market research and enjoy the good living.

Another great idea; Check crime in one click with Trulia Crime Maps. It may look like an improving area, but you want to make sure your up-and-coming block, street and area is safe and not the center of a serious crime waves.

As always, if you have questions about what my favorite "Fringe" neighborhoods are, feel free to holler and we can chat.

Happy Turkey Week!
-Billy O'

You can bet that big chains like Starbucks spend a lot of money and time analyzing neighborhood potential before they open up a new store. So go ahead, tap into their market research and be their neighbor.

Read more: http://www.businessinsider.com/starbucks-signals-a-rising-neighborhood-2012-11#ixzz2Cm5IhIrI

One of the best ways to stretch your buying dollar is to find a neighborhood that is in transition. Called fringe or transitional neighborhoods, they are typically close to major metropolitan areas and were once neglected and less desirable. Is there a trendy restaurant where a tattoo parlor used to be?

Read more: http://www.businessinsider.com/starbucks-signals-a-rising-neighborhood-2012-11#ixzz2Cm3JPMNE