Miami Condo Market and Lifestyle Updates
What Is the Hottest Neighborhood in South Florida?

What Is the Hottest Neighborhood in South Florida?

by Sep Niakan | February 09, 2015


According to the recent Redfin ranking, the hottest neighborhood in South Florida in 2015 is none other than Wynwood.

After the number one spot, Coral Terrace, South Golden Glades, Buena Vista, and Golden Pines were next. The hottest neighborhoods were ranked by affordability and convenience. The median sales price for homes in the Wynwood Art District was $373,000, and homes were on the market for an average of 94 days.

“Considered by many the ‘Brooklyn of the South,’ Wynwood is a popular destination among professionals who seek to live in a hip and vibrant neighborhood,” Aaron Drucker, an agent for Redfin said, “Wynwood is also one of the few remaining neighborhoods where you can enjoy a beer for under six bucks, depending on the venue.”

In order to filter through their criteria and develop a list, Redfin used data based on page views, user favorites, and insight from the company’s local agents. Redfin thereby released the 10 hottest neighborhoods of 2015, as well as the five hottest neighborhoods in each of the 27 metro areas in America.

“Many homebuyers have recoiled from the dramatic increase in house prices in urban centers posted over the past three years,” Nela Richardson, chief economist of Redfin said, “They are now searching for more affordable places farther out. Expect the neighborhoods on this list to see high demand in 2015 as rock-bottom mortgage rates and a more lenient mortgage lending environment help make homeownership in expensive cities less costly.”



Photo credit: Wynwood 

Recent posts


7 Must-Do Pre-Halloween Events

by Sep Niakan | October 13, 2016

I know Halloween’s around the corner and it’s a given it will be the highlight of everyone’s social calendar. Miami’s Fall calendar is full of exciting events and here’s the low-down on how you can enjoy the run up to...

Real Estate News

With Approved 960-Foot Brickell Market Place, a Headache for Brickell Heights?

by Sep Niakan | September 27, 2016

Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...

Real Estate News

An Edgewater Miami Hotel Joins the Micro-unit “Tiny Homes” Trend

by Sep Niakan | September 26, 2016

Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...

Real Estate News

Skyrise Miami: Future Tourist Destination and Hard Pill to Swallow for Miami Locals

by Sep Niakan | September 23, 2016

The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...