“Swift swings” takes a quick peek at one economic trend.
The number: Southern California is home to 33 of the nation’s priciest ZIP codes for residential real estate.
The source: My trusty spreadsheet looked at RealtyHop’s annual ranking of the 100 most-expensive neighborhoods in the nation based on median selling prices.
Quick analysis: In case you need another reminder of the exorbitant cost of Southern California housing, one-third of the nation’s most expensive ZIPs for housing reside near the California coast between Santa Barbara and the Mexican border.
Six of them are in one Southern California city – Newport Beach.
This year’s count is higher than the 30 in 2022 but on par with 33 in 2021. The Class of 2023 had a median selling price of $2.5 million, down 5% in a year – attention, “bargain” hunters – after a 15% gain in the previous 12 months.
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Statewide, 61 ZIPs are in the Top 100 vs. 59 in 2022 and 63 in 2021. These California neighborhoods had a median selling price of $2.7 million, up 1% in a year after a 13% gain in the previous 12 months.
Location. Location. Location
Here are the Southern California members of the Top 100 ZIPs in 2023, with their US rankings for the past three years …
No. 2: Beverly Hills 90210 with a $6.29 million median price; it ranked 3rd in 2022 and 4th in ‘21.
No. 6: Montecito 93108: $4.8 million, No. 7 in ‘22, No. 6 in ‘21.
No. 9: Newport Beach 92661: $4.35 million, No. 14 in ‘22, No. 17 in ‘21.
No. 10: Rancho Santa Fe 92067: $4.25 million, No. 18 in ‘22, No. 24 in ‘21.
No. 13: Newport Beach 92662: $3.98 million, No. 9 in ‘22, No. 9 in ‘21.
No. 14: Newport Beach 92657: $3.95 million, No. 23 in ‘22, No. 15 in ‘21.
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No. 18: Santa Monica 90402: $3.7 million, No. 17 in ‘22, No. 20 in ‘21.
No. 21: Los…
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