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