”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of art and data.
Buzz: Los Angeles County has more of the nation’s priciest ZIP codes than any other U.S. county; Orange County was No. 4.
Source: My trusty spreadsheet analyzed a PropertyShark report on the highest median sales prices from deals that closed through Oct. 22 on condos, co-ops, and single- and two-family homes.
Details
Topping this “if-you-have-to-ask-you-cannot-afford-it” housing list was Los Angeles County with 21 of these 127 “priciest” ZIPs — down from last year’s 23 when it also ranked No. 1. Neighborhood pricing went from $1.64 million to $4.13 million.
No. 4 Orange County had nine ZIPs on the list — with a range of $1.65 million to $3.63 million — up from last year’s seven, when O.C. ranked No. 6
The other top 10 counties, all but two from California …
No. 2 Santa Clara County: 15 – same as 2020 when it ranked No. 2.
No. 3 San Mateo County: 10 — down from last year’s 11 ranked No. 3.
No. 5 (tie) Marin County: 7 — same as 2020 when it ranked No. 6.
No. 5 (tie) San Francisco County: 7 — down from last year’s 11, No. 3.
No. 5 (tie) Suffolk County: 7 — up from last year’s 6, No. 8
No. 8 New York County, better known as Manhattan: 6 — down from last year’s 9, No. 5
No. 9 (tie) Contra Costa County: 5 — up from last year’s 4, No. 9
No. 9 (tie) Santa Barbara County: 5 — up from last year’s one.1
Quotable
“Even as another uniquely challenging year — marked by the efforts of tackling the pandemic and boosting the economy — is coming to an end, the U.S. residential market continues to experience vertical price trends,” the report stated.
Bottom Line
No matter the math, SoCal housing is expensive.
We can note that ZIP codes are designed by the post office for their own needs and are by no means perfect for geographical analysis.
And having more, pricey communities doesn’t say anything about a region’s broader market.
House hunters in Northern California counties certainly have far fewer “affordable” options than those seeking ownership in Southern California.
But overall, California had 89 of these most-expensive ZIPs, far above No. 2 New York’s 17.
Post Script
The L.A. 21 …
Beverly Hills 90210: Ranked nationally No. 6 at $4.13 million.
Santa Monica 90402: No. 8 at $4.06 million.
Malibu 90265: No. 21 at $3.25 million.
Los Angeles 90272: No. 21 at $3.25 million.
Manhattan Beach 90266: No. 32 at $2.91 million.
San Marino 91108: No. 40 at $2.49 million.
Los Angeles 90077: No. 42 at $2.46 million.
Beverly Hills 90212: No. 43 at $2.43 million.
Los Angeles 90049: No. 52 at $2.17 million.
Rolling Hills 90274: No. 53 at $2.12 million.
Bradbury 91008: No. 58 at $2 million.
Los Angeles 90048: No. 59 at $1.99 million.
Encino 91436: No. 59 at $1.99 million.
Hermosa Beach 90254: No. 60 at $1.98 million.
Calabasas 91302: No. 65 at $1.93 million.
Venice 90291: No. 68 at $1.91 million.
La Canada Flintridge 91011: No. 69 at $1.9 million.
Los Angeles 90036: No. 69 at $1.9 million.
Beverly Hills 90211: No. 74 at $1.85 million.
Culver City 90232: No. 79 at $1.82 million.
Los Angeles 90027: No. 98 at $1.64 million.
The O.C. 9 …
Huntington Beach 90742: Ranked No. 14 nationally at $3.63 million.
Newport Beach 92662: No. 15 at $3.58 million.
Newport Beach 92657: No. 19 at $3.37 million.
Newport Beach 92661: No. 20 at $3.29 million.
Corona Del Mar 92625: No. 36 at $2.7 million.
Laguna Beach 92651: No. 41 at $2.48 million.
Newport Beach 92660: No. 54 at $2.11 million.
Newport Beach 92663: No. 76 at $1.85 million.
Villa Park 92861: No. 95 at $1.65 million.
Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com
Source: Orange County Register
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