A new report from real estate database PropertyShark saya that California has 77 of the 100 most expensive ZIP codes, including five in the top 10. New York had 19 and no other state had more than two ZIP codes on the list.
Topping the list of most expensive ZIP Codes was 94027 in Atherton, California. Located in Silicon Valley, Atherton has a median sale price of $4.95 million. In Los Angeles, two areas in the top 10 were Beverly Hills, 90210, with a median price of $3.85 million, and Santa Monica, 90402, with a median of $3.512 million, per The Los Angeles Times. Los Angeles County featured more entries on the list than any other, with 18 in the top 100, including ZIP codes in Malibu, Venice, Hermosa Beach, and Encino.
As for how much price growth Angelenos will see, Tami Pardee, CEO of Halton Pardee + Partners, forecasts a slightly cooling trend for Los Angeles sales. “Prices have been growing in double digits for several years now,” Pardee said. “We expect that to drop to single digits.” She also noted that, due to lack of new construction, demand remains intense. In 2018, she expects Playa del Rey, Playa Vista, Venice and the Westchester Bluffs to continue attracting movers to the coast.
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