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Sunday, November 24, 2024

Americas Top Ten Hottest Housing Markets of 2022

Hottest

City of Weston recently issued the following announcement.

Redfin's annual top 10 list is out of America's

Top 10 Hottest Neighborhoods of 2022. 

This year, eight of the ten are in our Sunshine state of Florida and include our own hometown of WESTON. 

Redfin is a technology-powered real estate brokerage who analyzes and ranks U.S. zip codes by year-over-year growth in listing views.  It measures how difficult it is to win a home based on multiple factors which include days on the market, share of homes that sold above their listing prices and sale-to-list price ratio.

Below is this year's TOP 10: 

  1. South Sarasota, FL
  2. East Venice, FL
  3. Englewood, FL
  4. Venice, FL
  5. Nokomis, FL
  6. The Meadows, FL
  7. Chatham, Cape Cod, MA
  8. Weston, FL
  9. Lake Lure, NC
  10. Downtown Fort Myers, FL
Here is what they had to say about the City of Weston:

Weston, FL

Zip code: 33332

Parent metro area: Fort Lauderdale, FL

Median sale price: $860,000 (+51% YoY)

Median sale price of parent metro area: $305,000 (+15% YoY)

Share of homes that sold above list price: 27%

Median days on market: 46 (-45 days YoY)

Housing supply (active listings), year-over-year change: -30%

Median views per listing, year-over-year change: +216%

Climate risks: Heat (extreme), storm (high), flood (moderate), drought (low), fire (very low)

“Before the pandemic, we were seeing empty nesters sell their 5,000-square-foot homes in Weston and move into smaller beachfront homes in Fort Lauderdale,” said local Redfin real estate agent Anthony Cervoni. “Now we’re seeing the opposite—people are coming here from the city because they’re tired of being trapped in cramped condos and apartments.”

There are many factors that go into why a City or community is considered a top choice for families but Weston has been and continues to be that City.  Weston has key elements that were established and maintained from the beginning:  strong quality schools, high quality public safety services and low crime, access to quality health care, top notch parks and recreation and fiscally sound government.  When you add these with the intangible factors of immaculate and distinctive landscaping and aesthetics, cultural offerings, community spirit  and unique governmental structure and a commitment to maintain infrastructure even in the face of downturns, you have a community that is desirable and desired in all environments - whatever the markets or pandemics bring. 

Original source can be found here.

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