Millionaires Only Please
The median home price in Santa Monica is $3.5 million
(Los Angeles Times) - A year-end report from real estate database PropertyShark has confirmed what every Angeleno already knows: California is a really expensive place to live.
The analysis, which surveyed the priciest ZIP Codes in the country based on median home sales prices, found that California holds 77 of the 100 most expensive spots, including five in the top 10.
New York came in with the second most ZIP Codes at 19. No other state had more than two.
Topping the list of most expensive ZIP Codes was 94027 in Atherton, Calif., a Silicon Valley city full of tech executives, which had a median sale price of $4.95 million, according to the data.
The 10013 ZIP Code of New York, home to the high-priced luxury condos of Tribeca in Manhattan, saw a median price of $4.1 million. In Miami Beach area, the 33109 ZIP Code the median was $4.052 million.
In Los Angeles, two of the most identifiable areas grabbed spots in the top 10: Beverly Hills, 90210, which had a median price of $3.85 million, and Santa Monica, 90402, which had a median of $3.512 million.
On a county level, Los Angeles featured more entries on the list than any other, with 18 landing in the top 100. Those include ZIP Codes in Malibu, Manhattan Beach, Los Angeles, San Marino, Venice, La Cañada Flintridge, the Palos Verdes Peninsula, Hermosa Beach, Duarte and Encino.
The data compiled by Property Shark accounts for all residential transactions closed in 2017, including single-family homes, two-family homes, co-ops and condos.
The report shows a slight uptick in California median prices in 2017 compared with the previous year. In 2016, the Golden State had 72 ZIP Codes ranked in the top 100, while the highest median sale price in the country, at $5.5 million, was in the 11962 ZIP Code of Sagaponack, N.Y., a village in the Hamptons known for its oceanfront mansions and celebrity homeowners.
Read More . . . .