Bloomberg has put together a Rankings' list of top U.S. neighborhoods in terms of home price appreciation over the last year (January 2013 to January 2014).
Northwest Colorado Springs, Colorado Springs, Colorado
Year-over-year gain: 21.5%
Median sale price, Jan. 2013: $224,450
Median sale price, Jan. 2014: $272,750
Schuylkill Southwest, Philadelphia, Pennsylvania
Year-over-year gain: 22%
Median sale price, Jan. 2013: $318,375
Median sale price, Jan. 2014: $388,500
Magnolia, Seattle, Washington
Year-over-year gain: 24.2%
Median sale price, Jan. 2013: $516,450
Median sale price, Jan. 2014: $641,500
Paradise Valley, Phoenix, Arizona
Year-over-year gain: 32.1%
Median sale price, Jan. 2013: $210,446
Median sale price, Jan. 2014: $277,898
Sunset Hills, Reston, Virginia
Year-over-year gain: 32.2%
Median sale price, Jan. 2013: $344,750
Median sale price, Jan. 2014: $455,835
Wynwood/Edgewater, Miami, Florida
Year-over-year gain: 44.5%
Median sale price, Jan. 2013: $247,735
Median sale price, Jan. 2014: $357,900
Brighton, Boston, Massachusetts
Year-over-year gain: 46.9%
Median sale price, Jan. 2013: $284,750
Median sale price, Jan. 2014: $418,250
South Loop, Chicago, Illinois
Year-over-year gain: 47.5%
Median sale price, Jan. 2013: $223,175
Median sale price, Jan. 2014: $329,100
Newhall, Santa Clarita, California
Year-over-year gain: 48.7%
Median sale price, Jan. 2013: $241,000
Median sale price, Jan. 2014: $358,450
Myers Park, Charlotte, North Carolina
Year-over-year gain: 48.8%
Median sale price, Jan. 2013: $504,250
Median sale price, Jan. 2014: $750,275
Buffalo, Las Vegas, Nevada
Year-over-year gain: 57.4%
Median sale price, Jan. 2013: $167,450
Median sale price, Jan. 2014: $263,615
Battery Park, New York City, New York
Year-over-year gain: 97.3%
Median sale price, Jan. 2013: $668,250
Median sale price, Jan. 2014: $1,318,301
I suspect that all housing prices are not going up this much in these markets. Probably this reflects that the buyer mix is shifting upwards because the man in the street is not willing or able to get financing and the mix of houses being sold is trending upward in value.
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