Neighborhood Hot Spots

Neighborhood Hot Spots
The PI had an interesting article today about hot (and not so hot) neighborhoods around the city. The article quotes a new report from Zillow that shows quarterly changes in the real estate market by neighborhood. (I wasn’t able to find this directly on Zillow, so if someone can post the link I’d be much obliged.) Update: Thanks to Dave G. from Zillow for providing this link to the entire Seattle report. See all of the reports here.

An interesting observation from the article is that some of the hottest neighborhoods are those “close to amenities” (like Greenlake) and is speculated to be driven by gas prices and traffic. This is exactly why my wife and I bought in the Roosevelt neighborhood (65th St NE near Roosevelt Ave). There are several parks (including Greenlake, Cowen, and Ravenna parks) within half a mile, two grocery stores one block away, multiple local and express buses to downtown and adjacent neighborhoods, and dozens of shops and restaurants. I think this is a trend that will continue to grow. Why sit in traffic to run your errands when you can walk a few blocks?

What neighborhoods do you like for your car-independent lifestyle?

(Photo via the PI)

5 Comments so far

  1. David G from Zillow.com (unregistered) on August 15th, 2006 @ 12:47 pm

    Hi Aaron.
    This is not a new feature; rather we’ve published Quarterly Home Value reports – that’s what the PI are reporting on. You’ll find all 5 reports in pdf (including Seattle’s) on this page: http://tinyurl.com/fccbh


  2. Zee (unregistered) on August 15th, 2006 @ 10:52 pm

    First Hill, no car, life is good.


  3. erma (unregistered) on August 17th, 2006 @ 9:46 am

    East end of Wallingford. Walking distance to all the shops, restaurants and movie theaters in both Wallingford and the U District as well as to all the U District’s buses. I’m not actually carless, but neither my husband nor I use our one car to commute to work.


  4. neo-realist (unregistered) on August 22nd, 2006 @ 11:46 pm

    It’s a trend for those who can afford it. The housing in the most convenient parts of the city with the buses, the shops, and the grocery stores within walking distance is unaffordable for most seattle area people.


  5. Aaron O. (unregistered) on August 23rd, 2006 @ 11:09 am

    Yes, that is the sad case in some situations. In others, however, I think affordability is more a matter of priorities. If I want to own a 3 bed room house with a yard, own a car, and be within walking distance of bus lines, grocery stores, restaurants, and parks then I’m out of luck.

    But if I decide I can own a one bed room condo (or rent) within the vicinity of these ammenties, things actually start to look more affordable.

    I know several people living this kind of lifestyle and none of them are wealthy by any means.

    The Sightline Institute also has a good post about this topic.



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