West Elsdon neighborhood now reaching appreciation acceleration

[John Clark]

Interesting to watch. Akin to chartists plotting stock movements.

West Elsdon will never gentrify; it didn't go down and hit bottom, it's just been trundling along at a languid pace for years. Now, however, as areas to the northeast have picked up (Archer Heights, Brighton Park, etc.), West Elsdon is finally seeing more rapid appreciation before. For a long time there was resistance to run-of-the-mill bungalows breaking the $300,000 sale price level. This Summer they are starting to crack it. It will be interesting to plug in the data from the past three years, see how bungalows crowded the $300k level but didn't break it, and compare that to prices for the next two years and see if appreciation rates take off.

No, I'm not in the market down there, so it's just an intellectual exercise for me.