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Redfin Predicts Miami’s Top 5 Hottest Markets for 2015

by James McClister

Using data from 2014, Redfin predicts what Miami neighborhoods will stand out in the new year.

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Hot is the perfect way to describe the Miami market in 2014. With booming sales and a seemingly insatiable demand, the city has ballooned into not only one of Florida’s most active markets, but also the nation’s.

In a new report, Redfin researchers poured through sales data to predict Miami’s most popular markets in 2015. And in first place: the Wynwood Art District.

Boasting a projected median sales price of $373,000, Commonwealth is a neighborhood in high demand, where properties, while highly desired, tend to have a slightly extended shelf life. In 2015, researchers estimate that the median number of days on market for Wynwood homes was 94 days – the highest of any of the top 5 neighborhoods.

“Considered by many the ‘Brooklyn of the South,’ Wynwood is a popular destination among professionals who seek to live a hip and vibrant neighborhood,” Redfin Agent Aaron Drucker said. “Wynwood is only 10 to 15 minutes from South Beach, Brickell and downtown, but offers more affordable home prices…[it] is one of the few remaining neighborhoods where you can enjoy a beer for under six bucks, depending on the venue.”

See our infographic below and find out what other Miami neighborhoods made the cut:

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