Palo Verde Ranked as 'Hottest Neighborhood' by Redfin

By Joan Dentler and Bea Karnes

Redfin, a real estate website, published its ranking of the hottest neighborhoods in the San Jose area in 2014, and Palo Alto's own Palo Verde is ranked number 4 on the list. 

Top 5 Neighborhoods in the San Jose area according to Redfin.com:

1. Cherry Chase
2. Central Los Altos
3. Noddin
4. Palo Verde
5. South Los Altos

"We based the rankings on the places that are trending among the millions of homebuyers searching on Redfin.com leading into the new year," said Redfin spokesperson Cori Ramsey. 

Ramsey said the common features shared by the hottest neighborhoods include highly rated schools, short commutes and affordable prices. 

"We also collected Redfin agents’ insights into which neighborhoods have seen the biggest growth in popularity among today’s homebuyers," she added.

According to the data on Redfin.com, the median list price of homes for sale in the Palo Verde neighborhood is $1,985,000.

Redfin analyzed its website-user traffic and surveyed its real-estate agents across the country to determine its top 10.

Redfin's list of hottest neighborhoods in the U.S.:

1. Bernal Heights North Slope, San Francisco
2. Eagle Rock, Los Angeles
3. Morningside-Lenox Park, Atlanta
4. Upper Chevy Chase, Washington, D.C.
5. Desert Shores, Las Vegas
6. Barrington Oaks, Austin
7. Phinney Ridge, Seattle
8. Concordia, Portland, Oregon
9. City Park, Denver
10. Humboldt Park, Chicago

To read the full report, go to Redfin's blog.