October 23, 2020 Breaking News, Latest News, and Videos

Santa Monica, 90402: The 5th Most Expensive ZIP Code

There’s no easy way to put this: California isn’t getting any cheaper! Out of the 100 priciest ZIP codes, an impressive total of 72 are located in CA. NY trails behind, with a total of 21 ZIP codes, half of which are located in New York City.

To see the rare few outside New York and the Golden State – with entries from Florida, Massachusetts, Washington, New Jersey, Maryland, Nevada, Connecticut, and Hawaii.

And the 10 Priciest ZIP Codes in the Country Are…

#10. 94028,  Portola Valley

The ZIP code that covers the entire Portola Valley town – which has already made a name for itself as one of the wealthiest towns in California – is so appealing to affluent buyers that it has commanded a median selling price of $2,815,000.

#9. 94022,  Los Altos

Making its way to the top 10 (after landing on the 12th spot on our list last year), this Los Altos ZIP code can brag about median selling prices of $2,831,250.

#8. 94301, Palo Alto

This location – on top of being a stone’s throw from major employers, with the Googleplex itself being in the nearby Mountain View – has the added benefit of neighboring Stanford University. Despite that, the Palo Alto ZIP saw a $215,000 drop in selling prices, with the median for the area now sitting at $2,935,000.

#7. 90210,  Beverly Hills

Registering an 11 percent drop in home prices, the iconic Beverly Hills ZIP code traded its Top 3 spot from last year for an honorable 7th spot on our list.

#6. 10007,  New York City

Part TriBeCa, part Financial District, and surrounding the World Trade Center, 10007 saw a spectacular growth in 2016 in terms of selling prices: while the year before, homes in the area commanded a median price of $2,800,000, 2016 median selling prices jumped way past the $3 million mark, at $3,349,657.

#5. 90402,  Santa Monica

The ritzy neighborhood north of Montana Avenue consolidates its position as a top attraction for affluent (and international) buyers, with a median price of $3,395,000.

#4. 33109,  Miami Beach

A popular retirement destination for investors and affluent retirees, 33109 stands out as Florida’s most expensive ZIP code, with a median selling price of $3.4 million.

#3. 10013,  New York City

Few areas can compete with the appeal of this ZIP code, which includes parts of TriBeCa, SoHo and Hudson Square. It then comes as no surprise that properties in the area sold for 12% more in 2016 compared to the previous year, with the median price now up to $3,808,765 — bumping it up one position and securing a top 3 spot among the most expensive ZIP codes in the country.

#2. 94027,  Atherton

Despite being home to less than 8,000 residents, Atherton can pride itself on having some of the most expensive real estate in the country. Nevertheless, its 2016 median price of $5,425,000 is down 8 percent from 2015.

#1. 11962,  Sagaponack

With its sprawling mansions – that sell for about $5.5 million – this Hampton’s ZIP code is the undisputed leader when it comes to hefty prices and exclusive living. But despite managing to maintain its top spot on the list of most expensive ZIP codes, Sagaponack saw a 35 percent decrease in median sale prices – which translates into a full $3 million price drop.

 

sms-home123016

Related Posts

City Council Endorsements: Santa Monica Needs a Change

October 22, 2020

October 22, 2020

Santa Monica City Council endorsements from the Santa Monica Mirror The following are two endorsement articles from Santa Monica Mirror...

Crime in Santa Monica Is Declining: Santa Monica Beat – October, 22, 2020

October 22, 2020

October 22, 2020

Local news and culture in under 5 minutes. * Crime in Santa Monica Is Declining * 335 Homeless Residents Housed...

Forma Expanding to Main Street: Westside Food Scene

October 22, 2020

October 22, 2020

Westside Food Scene October 22, 2020 By Kerry Slater Forma Expanding to Main Street Popular Santa Monica Italian restaurant Forma...

California Supreme Court to Hear Santa Monica Voting Rights Case

October 22, 2020

October 22, 2020

Court to rule on future of at-large elections in Santa Monica By Sam Catanzaro The California Supreme Court will determine...

LA County Says Younger Adults and Teenagers Are Driving COVID-19 Cases

October 20, 2020

October 20, 2020

68 percent of new cases among people between ages of 12 and 50 By Sam Catanzaro Los Angeles County health...

Santa Monica Has Issued Over 40 Face Covering Citations

October 20, 2020

October 20, 2020

City expanding COVID-19 compliance efforts with the addition of “Health Ambassadors”  By Sam Catanzaro The City of Santa Monica says...

Grand Jury Indicts Former Angel Employee in Tyler Skaggs’ Fatal Overdose

October 19, 2020

October 19, 2020

Fort Wayne grand jury indicts Eric Prescott Kay on drug distribution and drug conspiracy charges By Sam Catanzaro A federal...

YogaWorks Studios Closing Amid Pandemic: Santa Monica Beat – October, 19, 2020

October 19, 2020

October 19, 2020

Local news and culture in under 5 minutes. * YogaWorks Studios Closing Amid Pandemic * Carjacking Suspects in Custody All...

Edify TV: More Bike Lanes for Westside

October 19, 2020

October 19, 2020

A Westside city is adding more miles of protected bike lanes. Learn more in this video made possible by Santa...

Outgoing Santa Monica Police Chief Set to Receive Nearly $100K of Severance Pay

October 19, 2020

October 19, 2020

Santa Monica City Council approves retirement agreement for outgoing chief Cynthia Renaud By Sam Catanzaro Santa Monica’s outgoing police chief...

Intravenous Vitamin Therapy: A Natural, Effective Solution for the Flu

October 19, 2020

October 19, 2020

By Dr. Mahboubeh Hashemi, ND and Dr. Matthew Cavaiola, ND  As fall and winter are fast approaching, many people, and...

Edify TV: Deal to House Homeless People Near Freeways

October 18, 2020

October 18, 2020

After months of negotiations, the City and County of LA reached a $300 million deal to house thousands of homeless...

Santa Monica’s Police Chief Retiring

October 16, 2020

October 16, 2020

SMPD Cynthia Renaud announces retirement, to be replaced by former Chief Jacqueline Seabrooks By Sam Catanzaro Santa Monica has announced...

Virtual Staging Changing The Way We Sell Property?

October 16, 2020

October 16, 2020

Today on Westside Cribz, Chuck Lorre buys his neighbors home, Rage Against the Machine drummer Brad Wilk selling his Santa...