November 6, 2011

Non-RBA Poseurs Not Priced Enough for Top 50

imageIn a previous article, we profiled the Northern California cities that hit the Forbes 50 Most Expensive Zip Codes out of 500 of those suckahs.  But we only care about the ones where the weather is nice, sushi is abundant, and you can get stock options without being the CEO.

These are the Zips that didn’t make the Top 50.  Forbes didn’t think they were worthy of home listing photos, so I had to dig them up myself.  And let’s remind Forbes about their messing up their detail data, what with every single DOM value set to 200.

Should any of these zips be allowed in the RBA?

#51: Los Altos 94024

  • imageMedian Home Price: $1,895,000
  • Median Price Change: -36.3%
  • Average Days On Market: 200 119
  • Inventory: 119 43
  • Rank in 2010: #18 (-33 spots )
  • Most Expensive Home: $5.5 Million (12445 Hilltop Rd)

Forbes avoided last year’s screwup with this zip by simply not admitting Los Altos Hills exists in 94024 this year.  Last year LA and LAH had identical data and ranks.  This year they screwed up by picking a property in Los Altos Hills as most expensive.  The most expensive I can find in Los Altos proper is this one (whose photo appears at right) at $4M.

And there’s plenty more, after the break!

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Comments (12) -- Posted by: madhaus @ 5:04 am






October 9, 2010

The Most Expensive Zip Codes, Second Tier

In a previous installment, we looked at the Bay Area zips on the 25 most expensive zip codes piece in Forbes magazine.  But how could we leave the other 475 of the top 500 alone?  (Other than all those TL;DR comments.)

Here’s what’s local that made the list, between 26-50.  Try to guess if any of your favorites made it.  Feel free to comment on any of these zips if you’re familiar with them, or even better if you aren’t.  Maps courtesy of Forbes.

image #30 – 94957: Ross, CA

Median Home Price: $2,519,269
Median Price Change: 1%
Average Days On Market: 120
Inventory: 26 properties
Median Household Income: NA

I’ve heard of Ross!  I think the San Francisco Chronicle used to put it in the local weather stats because it got so much more rain than anywhere else in the entire Bay Area.

And no, this is not Fort Ross.  This is a zip in central Marin County (that’s for those of you who can’t read a map or never left your town).

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image#31 – 94028: Portola Valley, CA

Median Home Price: $2,509,962
Median Price Change: 5%
Average Days On Market: 112
Inventory: 38 properties
Median Household Income: $164,479

Yay, back to the Real Bay Area!  And PV might be the only zip code, anywhere, to be shaped like the Roadrunner’s head.  If that doesn’t explain why their median income is so honking high, I don’t know what will.

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image #38 – 95030: Los Gatos, CA

Median Home Price: $2,293,268
Median Price Change: 39%
Average Days On Market: 105
Inventory: 53 properties
Median Household Income: $117,564

So far the Bay Area listings have either danced around the Stanford campus, or were located in Marin County.  Los Gatos is the first one within shouting distance of San Jose.

Los Gatos has two more zip codes.  Any suspicions when we’ll be seeing them?  (No peeking.)

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image #41 – 94062: Woodside, CA

Median Home Price: $2,228,269
Median Price Change: -8%
Average Days On Market: 152
Inventory: 63 properties
Median Household Income: $96,677And back to San Mateo County we go!
Don’t let the Post Office fool you.  94062 includes a slice of Redwood City, some of it practically on El Camino Real.  And if you haven’t ever driven El Camino all the way to SF, you may not know that in Redwood City, ECR is really, really, really close to 101.

Really!

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image #49 – 94528: Diablo, CA

Median Home Price: $2,111,588
Median Price Change: -20%
Average Days On Market: 133
Inventory: 16 properties
Median Household Income: NA

OK, who let the East Bay into the club?

I swear, you let a couple of them show up in burbed and next think you know they’re appearing on expensive zip code lists.  Fortunately, the market is reminding those upstarts why East is East, Best is Best, and never the twain shall meet.

Down 20 percent, yowza!

More good news.  The top 50 zip codes do not include a single flyover state.  Most are in California and New York, a couple in New Jersey, Greenwich, CT came in at #27, and somehow one in Miami Beach popped up. The only other West Coast zip not in California is Medina, Washington (#42).

Yes, we have 450 zip codes to go, but at after #50,we could stop providing these useless maps.  Or we could make them twice as big.  Anyway, please comment on these or any other expensive zip codes.  And if you hate, hate, hate this series, feel free to whine, whine, whine.

Next installment: The Also-Rans, part 37.

Comments (67) -- Posted by: madhaus @ 5:04 am