how do you know if a neighborhood has potential of going up in price?

[Claudia Acanda]

how do you know if a neighborhood has potential of going up in price?

[Abel Curiel]

Quote from @Claudia Acanda:

how do you know if a neighborhood has potential of going up in price?

 Hey Claudia!

I'd recommend researching areas to see that they have:

- Low unemployment
- High demand for housing
- relatively low inventory
- local job creation/booming local economy
- high avg/median income
- increasing population
- low average days-on-market (DOM)
- history of rent and property value increases YOY
- low crime
- highly-rated schools (or above average)

I'd compare the target neighborhood to surrounding neighborhoods and/or nearest metro areas. 

All the best to you on your search!

Abel

[Ryan Cleary]

Hi Claudia,

@Abel Curiel said it perfectly. I would also suggest forcing appreciation to reduce market speculation (property improvements, adding bedrooms, finding ways to increase rent, buying at a discount, etc).

Good luck!

Ryan

[Ray Hage]

You can never know 100% but if you see businesses, company offices, increasing traffic, proximity to a desirable neighborhood or area (beach, downtown, etc), odds are it will help. Also, look at stats that @Abel Curiel mentioned. This can be huge....but again there are no guarantees in life

[Carlos Ptriawan]

Quote from @Claudia Acanda:

how do you know if a neighborhood has potential of going up in price?

 check Redfin's competitiveness score.

[Edwin Watson]

Hey Claudia!

When evaluating a neighborhood for potential price appreciation, always consider these indicators: new businesses, infrastructure projects, increasing employment opportunities, highly-rated schools, decreasing crime rates, and proximity to parks and cultural attractions. Also remember, increased activity from real estate investors often precede neighborhood improvements and rising property values, so pay close attention to areas with investor interest.

[Donato Callahan]

Using BrightInvestor!