November 19, 2019
Hitting an all-time high, California claimed no less than 91 zip codes in PropertyShark’s ranking of the top 100 cities. Year-to-date residential sales were analyzed to determine the median sale price of each zip code. Due to a large number of ties in medians, 125 zip codes made the list as the 100 most expensive.
PropertyShark researchers wrote, “California’s growing domination of our top 100 comes as no surprise, considering the dynamic price growth recorded in the state’s most important metros. Nearly half of Metro L.A.’s markets saw their medians rise at least 20%in just five years, while a third of the Bay Area underwent price surges of 40% or more.”
The Bay Area remains the most expensive metropolitan area, home to 51 of the country’s priciest zip codes. Atherton’s 94027 was the No. 1 most expensive zip code for the third year in a row, at a jaw-dropping $7 million.
The most expensive among counties, L.A. County, recorded a whopping 21 zip codes in the nation’s top 100 priciest. The 90049 was L.A.’s most expensive zip code in 2019 with a median sale price of more than $2 million.
And, although New York State is far from a true rival of California’s sky-high residential prices, it remained the East Coast’s most expensive market, ranking 18 zips in PropertyShark’s top 100, the second-highest number and just one zip less than last year.
|#||Zip Code||Municipality||County||State||2019 Median Sale Price|
|3||90402||Santa Monica||Los Angeles||CA||$4,154,000|
|4||90210||Beverly Hills||Los Angeles||CA||$4,080,000|
|5||10007||New York||New York||NY||$3,900,000|
|7||94301||Palo Alto||Santa Clara||CA||$3,522,000|
|8||10013||New York||New York||NY||$3,515,000|
|9||94022||Los Altos||Santa Clara||CA||$3,450,000|
Connect Westside Los Angeles is planned Wednesday, December 4th at the Luxe Sunset Boulevard Hotel, 11461 Sunset Blvd. Register to join us at the conference on this link.
For comments, questions or concerns, please contact Dennis Kaiser