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High-End Housing Markets Home to Biggest Bargains in 2010
High-end housing markets were home to the biggest bargains for buyers in the first quarter of this year, according to a Home Hunter Report released by ZipRealty, one of the nation’s leading  online-based real estate brokerages.In one of the country’s most famous zip codes, 90210 in Beverly Hills, homes sold, on average, for 15% below asking price, or an average of $703,964 under asking. Across the country, in Miami’s Palm Beach (33480), buyers paid about a million dollars per purchase and paid an average of $198,693 under asking.These are just two highlights revealed by ZipRealty’s report, which compares home sale prices to original list prices based on MLS data within 5,400 cities across 33 markets the brokerage serves.Highlights from the ZipRealty Q1 2010 Home Hunter Report include:-Zip codes in California remain the country’s “hottest” for buyer demand. California is home to nine out of ten of the country’s hottest zip codes, with homes selling above asking price in parts of the state.-According to the total number of home searches on www.ZipRealty.com, Phoenix continues to be the most popular searched city in the country.-Many of the country’s “coldest” markets – those zip codes where homes are selling below list price – continue ... more

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