ZipRealty Names the 10 Most Expensive Zip Codes in Los Angeles
06 Agosto 2014 - 7:20PM
FOR IMMEDIATE RELEASE
Media Contact: Stacey Corso
510.735.2667
scorso@ziprealty.com
The most expensive zip code is
90402 or Santa Monica, followed by 90272 and 91108.
EMERYVILLE, Calif.,
Aug. 6, 2014 - ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ:
ZIPR), a leading online residential real estate brokerage and
provider of technology and marketing solutions, has released a new
study on the most expensive zip codes in Los Angeles County. Zip
codes in Santa Monica, Pacific Palisades and San Marino are the
most expensive as the first half of 2014 came to a close. The
median home sales price in zip code 90402 was $3.7 million,
followed by 90272, where the median price was $2.4 million, and
91108, where the median price was $1.9 million.
The median price in Los Angeles County increased
6% year-over-year at the end of June to $459,000. In the 23 metros
surveyed by ZipRealty in its June 30 Housing Trends Report, the
median price was $298,000, representing overall growth of 6.6%.
"Los Angeles home prices remain healthy relative
to the rest of the country," said ZipRealty CEO Lanny Baker.
"Sellers are achieving full asking prices for the homes they put on
the market, according to our report. As of June 30, the
sold-to-list-price ratio in the Los Angeles metro area was 100%,
compared to 98.9% for the 23 metros we survey."
Here's a list of the most expensive zip codes in
Los Angeles as of June 30:
|
Zip Code |
Neighborhood |
Median Sales Price June 2013 |
Median Sales Price June 2014 |
Year-Over-Year Price Growth |
| 90402 |
Santa
Monica |
$3,230,000 |
$3,700,000 |
15% |
|
90272 |
Pacific
Palisades |
$1,750,000 |
$2,375,000 |
36% |
|
91108 |
San
Marino |
$1,850,000 |
$1,943,000 |
5% |
|
90266 |
Manhattan
Beach |
$1,630,000 |
$1,887,500 |
16% |
|
90265 |
Malibu |
$1,800,000 |
$1,830,000 |
2% |
|
90049 |
Brentwood,
Bel Air |
$1,500,000 |
$1,675,000 |
12% |
|
90210 |
Beverly
Hills |
$2,090,000 |
$1,580,000 |
-24% |
|
90291 |
Venice |
$1,290,000 |
$1,485,000 |
15% |
|
90254 |
Hermosa
Beach |
$1,205,000 |
$1,380,000 |
15% |
|
90004 |
Greater
Wilshire |
$878,850 |
$1,359,500 |
55% |
Maximizing Home Values in
L.A. Neighborhoods
"Although real estate conditions in these markets are stellar, many
sellers in the region are contending with higher inventory numbers
and an increase in the amount of time properties are trading," Mr.
Baker said.
For sale housing inventory jumped 26%
year-over-year as of June 30, while median days on market reached
28, compared to 20 days in June 2013, a 40% increase.
"But no matter where their properties are located,
the home selling tools on ZipRealty.com can help people get the
highest listing prices," noted Mr. Baker. "Our Seller Center is one
of the most important tools for home sellers: It brings together
the many components essential in the home-selling process all in
one place."
Among the features available on ZipRealty's Seller
Center include:
- Interactive Pricing
Tool: Custom-built by ZipRealty, this innovative
pricing tool lets owners identify comparable properties and analyze
recent home sales trends.
- Expert
Opinion: Local agent experts are available to help
refine the listing price, develop a real estate marketing strategy
and assist sellers through the listing and selling process.
###
www.ziprealty.com
About ZipRealty,
Inc.
ZipRealty is a leading national real estate brokerage and provider
of proprietary technology and comprehensive online marketing tools
for the residential real estate brokerage industry. For home buyers
and sellers who increasingly want control, choice and a seamless,
customized service, ZipRealty offers Internet-enabled,
state-of-the-art technology and complete access to accurate, timely
information via its website and mobile applications, which real
estate professionals can combine with their own local knowledge and
personal expertise to offer an exceptional start-to-finish client
experience. For real estate professionals who seek more productive
ways to conduct business, ZipRealty provides technology and online
marketing tools to enhance their online sales channel, including
lead generation, conversion and service of their clients.
ZipRealty's technology and online marketing products serve its
full-service, owned-and-operated residential real estate brokerage
business in 19 markets nationwide, as well as its Powered by Zip
network of leading third-party local brokerages in 21 markets.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ZipRealty via Globenewswire
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