By Jorge Casuso
November 3, 2023 -- Santa Monica's North of Montana Neighborhood remains one of the ten priciest zip codes in the nation, although it slipped slightly in the 2023 rankings compiled by PropertyShark.
The city's 90402 zip code "saw a mere 2 percent increase" in home prices from last year to reach a median sale price of $4,489,000, according to the real estate data provider.
That dropped Santa Monica from the seventh to the eighth spot, although two cities tied for sixth place this year, according to the latest rankings.
"In contrast to the previous year -- when most of the 100 most expensive U.S. zip codes saw price increases -- 2023 witnessed a general decline in median sale prices," according to the report based on closed home prices.
"Specifically, this year, 70 of the 122 zip codes within the top 100 (due to 18 ties) experienced price drops, as compared to only 15 drops in the previous year."
Still, the 2023 list "shows record-breaking figures despite the housing market cooldown, with not one, but two zip codes surpassing the $8 million mark."
For the seventh straight year, Atherton's 94017 zip code topped the list with a "jaw-dropping" $8.3 million median sale price after a 5 percent year-over-year increase.
The town of 7,193 in San Mateo County is home to tech billionaires and venture capitalists and "is almost exclusively zoned for single-family homes, with a one-acre minimum lot requirement dating back to the 1920s."
Also topping the $8 million mark for the first time was Sagaponack, N.Y. -- a village in Long Island’s Hamptons -- which retained the second spot with a median sale price of nearly $8.1 million.
Retaining the third spot was Fisher Island in Miami Beach with a median price of $5.5 million, followed by Santa Barbara, with a median sale pice of $5 million.
Beverly Hills' 90210 zip code was the fifth priciest in the nation, with a median sale price of $4.8 million despite a 6 percent price drop since last year.
Surpassing Santa Monica's median sale price once again were Stinson Beach in Northern California, which saw the sale price skyrocket by 27 percent; Water Mill on New York’s Long Island, where the price shot up 22 percent, and Newport Beach.
LA County remained the nation’s priciest county, with Santa Monica and Beverly Hills both making the top ten list again.
Meanwhile, LA metro was the second-priciest metropolitan area with 29 zip codes in Orange and LA counties raking among the top 100 priciest, according to the report. For the full report click here