When U.S. property is ranked according to price by zip code, California dominates the top 100 most expensive areas to live.
The state is home to 77 of the priciest places to live according to the Los Angeles Times, with New York coming in second with a measly 19 out of 100. The data, analyzed by Property Shark, determine the ranking based on residential deals last year, which includes all types of homes from multifamily to single-family.
California’s top three zip codes were 94027 (Atherton, CA) near Silicon Valley with homes selling for a median price of almost $5 million; 90210 (Beverly Hills) going for about $3.8 million; and 90402 (Santa Monica) at just over $3.5 million.
Within Los Angeles alone, there are 18 zip codes that all made the list include Malibu, Venice, the Palos Verdes Peninsula and Hermosa Beach.
Considering the results, real estate agents all predict homes prices will continue their upward trajectory, though some speculate the rate of increases may slow.
“Prices have been growing in double digits for several years now,” Tami Pardee, CEO of Halton Pardee + Partners, told the Times. “We expect that to drop to single digits.” Others predict comparatively cheaper areas in the state, typically inland, will see big growth. [LAT] — Erin Hudson