Move over, 90210. The priciest zip code in Los Angeles last year was Santa Monica’s 90402, according to the latest ranking from PropertyShark.
Based on its median sales price of $3.4 million, the Santa Monica zip code took the crown as the most expensive neighborhood in not only L.A. County but also all of Southern California in 2016, the report shows. Beverly Hills’ 90210 zip code trailed close behind with a median sales price was $3.3 million.
In compiling the ranking, PropertyShark looked at all the residential transactions closed in 2016 in each zip code.
Nationally, Santa Monica claimed the fifth spot. Other L.A. hotspots that made the cut were Malibu, at $2.5 million; the Pacific Palisades, at $2.2 million; and San Marino, at $2.1 million.
Overall, California takes the cake for having the most high-ranking zip codes in the country, claiming 72 spots out of the top 100 in the U.S.
Compared to 2015’s numbers, median home prices were up 5.5 percent in L.A. County. Sales volumes also increased by 8.2 percent, according to PropertyShark.
Recent sales in Santa Monica include actress Billie Lourd’s bright blue farmhouse on 11th Street, which sold for just under $2.4 million.
SaMo’s moment in the spotlight could perhaps be attributed to the recent flux of tech firms returning to the beachside nabe, as well as the opening of the Expo Line station at 26th Street/Bergamot.