Cleveland did not make the list of most lucrative neighborhoods although we can find neighborhoods in Cleveland that are doing well, with a sense of place, community and affordability….offset by those that are not. You can read the Forbes Most Lucrative Neighborhoods. There is a discussion about Charlestown, created or opened up by the Big Dig. It’s apparently a more affordable place in Boston to buy a home, for example. All the neighborhoods discussed (and some are intersections so seemingly small neighborhoods!) were not ‘hot’ designation places in the past but are now. Btw, they picked the 15 largest metro centers to do this list.
They talk about infrastructure improvements and rezoning as two key points. I bet improvements in public transportation can help with appreciation. Anyway, you can also go to Neighborhood Scout and check out appreciation/values for any place that interests you. Peace Out – 3C
0 responses so far ↓
1 Jay McGillicuddy // Jan 22, 2008 at 10:56 am
Charlestown made the list? This is surprising to say the least.
2 Palmetto Bay Redland Real Estate // Jan 23, 2008 at 9:21 am
I love statistics and found that quite interesting. it made me wonder though whether they used only the appreciation rate to pick the winners? Uptown Manhattan (If I’d only known!) had a mind boggling 4,391% increase (can I even count that high?) while an area in Philly had a measly (in comparison) 184%.
Hindsight is 20/20…. =)
Maggie Dokic
3 Carole Cohen // Jan 23, 2008 at 12:01 pm
Jay yes surprising! I guess the old adage ‘build it and they will come’ takes on a whole new meaning!
Maggie the figures gave me the same reaction LOL. Appreciation numbers go up that high? Does this mean you had a chance to live in Manhattan?
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