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"The Johnston Terrace neighborhood in far East Austin appears at No. 4 on Realtor.com’s list of the country’s fastest-gentrifying neighborhoods. The website’s data shows a massive shift in the demographics of Johnston Terrace, which is bordered by Airport Boulevard to the west, and U.S. Highway 183 to the east and south. The neighborhood, traditionally anchored by people of color, sits less than five miles northwest of Austin-Bergstrom International Airport. Realtor.com says the median sale pri
"The neighborhoods gentrifying the fastest today are still in big cities, but they're mostly secondary markets with room to grow, packed with affordable historic homes, and usually located near overpriced urban hot spots."
"1) Pricing is extremely important. Do not get too greedy with your asking price. It’s better to price slightly below market to draw people in and create a bidding war rather than price too high and have the property sit. 2) Do not blame the homeowner. I spoke to the listing agent at 25 Lomita after the first big price drop to ask what was going on. She said she wanted to list the house closer to $1.79 million but her sellers insisted at $1.975 million. She is supposed to be the real estate exp
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