Hottest SoCal Zip Codes
1 Comment Published by Elaine Carlson April 20th, 2008 in Palos Verdes, Pricing A Home, Real Estate Outlook. by Elaine Carlson
Today’s Los Angeles Times Real Estate Section reported the ten Southern California cities with the highest increase in sales prices for single family residences for the first quarter of 2008 compared with the same period last year. Both zip codes on the Palos Verdes Peninsula were on this list.
Palos Verdes Estates, Rolling Hills and Rolling Hills Estates (zip 90274) showed an increase in median sales price of 16.5% compared to the first quarter of 2007. Rancho Palos Verdes (zip 90275) showed an increase of 17.6% in median sales price compared to the first quarter of 2007.
Additional statistics for the Palos Verdes Peninsula can be accessed by clicking on the Statistics tab above. The first quarter of 2008 compared to first quarter of 2007 shows an increase in sales prices, more inventory and fewer homes sold.
Thank you, Elaine, for bringing to our attention the L.A. Times article of April 20th in which there are 10 Southern California zip codes that have actually had price appreciation in the first quarter of 2008 as compared with the first quarter of 2007. The housing bubblistas are often quick to extrapolate numbers from one area and project them onto all areas of So. Cal. I was pleased to discover that Irvine’s 92603 zip code was among one of the 10 “hottest” zip codes. Now I have something to blog about!