Do you know the most expensive zip codes in the country? I do!

Reblogger
Real Estate Agent with Realty One Group

I was excited to get this blog today - many of my clients think the areas that I sell are expensive - it is nice to know that we are cheap in comparison.  If you would ike a property report on the best values in Arizona please fee l free to email me

Original content by Mark Taylor Mortgages 207897nmls# DOC#207897

The Most Expensive ZIP Codes In The County (2011 Edition)

Most Expensive ZIP CodesI live in Scottsdale Arizona I am continually asked "Do you know the most expensive zip codes in the country? and is Scottsdale Arizona one of them?"

To which i reply in general ~ In the housing market, amenities and location have as much to do with a home’s value as the everyday forces of supply-and-demand. Whereas the latter causes home values to rise and fall over time, the former creates a starting point for said values. 

Where you live — and the features of your home — determine your home’s price range. Naturally, homes in some areas are consistently higher-valued than homes in others. So do you know the most expensive zip codes in the country? I do!

Using data compiled by real estate market data firm Altos Research, Forbes Magazine presents America’s 10 most expensive ZIP codes. California and the New York Metro area dominate the list.

  1. Alpine, NJ (07620) : $4,550,000
  2. Atherton, CA (94027) : $4,295,000
  3. Sagaponack, NY (11962) : $3.595,000
  4. Hillsborough, CA (94010) : $3,499,000
  5. Beverly Hills, CA (90210) : $3,469,891
  6. New York, NY (10012) : $3,392,574
  7. New York, NY (10013) : $3,317,962
  8. Water Mill, NY (11976) : $3,300,000
  9. Montecito, CA (93108) : $3,099,348
  10. Old Westbury, NY (11568) : $3,095,000

In fact, of the top 50 most expensive ZIP codes, only 6 are located outside of California and New York regions. 3 are Colorado resort towns — Snowmass (81654), Aspen (81611) and Telluride (81435) — one is in Maryland, one is in Florida, and the last is in Washington State.

Chicago-suburb Kenilworth (60043) is the top-ranked Midwest ZIP code. It placed 86th overall.

The Forbes list may be interesting but, to home buyers or sellers in Mesa , it should not be the final word in home values. Real estate is a local market which means that — even within a given ZIP code — prices can vary based on street and neighborhood.

Look past general data and get specific. Talk to your real estate agent for local market pricing.

Thanks for reading my blog: Do you know the most expensive zip codes in the country? I do!


This Active Rain post is by Mark Taylor, to get your free mortgage approval please call 602-361-0707. Please click on the links below to view my AWESOME websites!

Mark Taylor | Arizona Home Loans | Blarming | Will You Listen to Me | Arizona Short Sales | Arizona Foreclosures | Arizona FHA Loans | Arizona USDA Loans | Arizona HUD Homes | Ariona VA Loans | Fix My Broken Credit | Arizona Mortgage | AZ Short Sale Help


Comments (0)