San Diego’s Never-Heard Location Ranked as the Hottest Neighborhood of the Year
San Diego’s not-so-popular neighborhood will be an epicenter of the US real estate market this year.
El Cerrito, located 1.5km south of San Diego State University, is going to be “the No. 1 neighborhood in the nation to become hot in 2015.” REDFIN reported.
“As prices continue to rise in the popular neighborhoods on the east side of San Diego, many first-time homebuyers are getting priced out of places like Kensington and North Park. El Cerrito, which lies just on the perimeter of those hotspots, is a relatively undiscovered jewel of a neighborhood. In addition to being close to San Diego State University and Mission Valley, El Cerrito has a good mix of recently updated, yet still affordable, homes and some pockets of extreme affordability that are drawing in developers and investors. This charming little neighborhood also boasts some good dining and shopping options.”
Redfin agent, Rebecca Roman said.
According to Zillow, median listing price of El Cerrito is USD 299,000 – far less than the average figure of San Diego County – USD 475,000.
El Cerrito is located 17.7 km away from San Diego International Airport.
Photo: Google Map