FAST FIVE: NYC Neighborhoods Shut Out Of List Of 10 Most Expensive Zip Codes
Once again, California and New York dominated, with the Golden State home to the most top-dollar zip codes.
Key Takeaways: At $7 million, Atherton's 94027 remains #1 most expensive zip code for fourth consecutive year California further solidifies its position as most expensive housing market with 87 entries Medians rose in 78 of country's 100 priciest zips in 2020, flipping the mostly downsliding trend of 2019 San Francisco claims 11 of the priciest zip codes, the highest concentration of any city, with the Bay Area home to 50 Offering up 23 zips, Los Angeles County features the highest concentration of expensive zip codes at the county level Metro L.A., Bay Area & New York metropolitan area account for 103 of the most exclusive zip codes in the US For first time in at least five years, TriBeCa isn't among the top 10 priciest zip codes, landing at #11 with 10007 Red Hook & Carroll Gardens zip places Brooklyn among 100 most expensive for second year in a row Nationally, 13 zips featured median sale prices higher than $3 million – one less than in 2019 Overall, the country's top 100 most expensive zip codes are located in 11 states; California & New York claim bulk of high-priced real estate Focusing on California, the Bay Area alone saw 50 zip codes top the list.
Two down town zip codes that include parts of TriBeCa and SoHo have seen their median sales numbers drop by double digits compared with 2019.
One of the biggest drops was seen in Manhattan's Garment District, which saw its median price drop 38%, or nearly $1 million.
Of course, the Hamptons still saw some mild declines compared to the prior year, but nothing compared to what we saw in NYC, as more wealthy New Yorkers scrambled to their Hamptons homes for an extended summer that began in March.