10 Most Expensive Zip Codes in Los Angeles

ZipRealty 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 County as of June 30:

Zip Code

Neighborhood

Median Home
Sales Price

Year-Over-Year
Home Price Growth

June 2013

June 2014

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.

Please contact us  to help you to sell your home and find the home of your dreams!  We specialize in Laguna Beach, Newport Beach, Dana Point, San Clemente and our inland coastal communities.

Make it a great day!

Jeff

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