Culture

This Bay Area enclave has the most expensive homes anywhere in the country


It’s home to tech billionaires and sports superstars. So it may not be surprising that for the sixth straight year, this Bay Area enclave has laid claim to the most expensive house prices anywhere in the country.

Atherton again took the top spot on real estate data firm PropertyShark’s list of priciest zip codes. The median single-family home price in the exclusive San Mateo County town? A cool $7.9 million.

The Marin County suburb of Ross came in at No. 3 with a median price of $5.5 million.

The Bay Area is by far the most expensive metro region in the country, according to PropertyShark’s list, with 46 of the 128 priciest U.S. zip codes. The majority of those are in the Silicon Valley area, with the region’s top zips spread out across the counties of Santa Clara (14), San Mateo (10), Marin (8), Contra Costa (6), San Francisco (5) and Alameda (3).

The Bay Area zip codes to crack the top 25 include:

94027 in Atherton at No. 1 ($7.9 million)
94957 in Ross at No. 3 ($5.5 million)
94022 in Los Altos Hills* at No. 11 ($4.25 million)
94028 in Portola Valley at No. 12 ($4.13 million)
94024 in Los Altos at No. 13 ($4.1 million)
95070 in Saratoga at No. 19 ($3.64 million)
94301 in Palo Alto at No. 20 ($3.6 million)
94970 in Stinson Beach at No. 21 ($3.53 million)
94010 in Hillsborough at No. 22 ($3.525 million)
94528 in Diablo at No. 24 ($3.4 million)
* includes part of Los Altos

Atherton — home to tech mega-investor Marc Andreessen and Golden State Warriors star Stephen Curry — made national news this year when some of its tech industry residents, including Andreessen, vehemently protested plans to allow townhomes to be built to satisfy the town’s state-mandated housing plan. Local officials have said they may end up “in a fight” with the state to keep Atherton zoned almost entirely for single-family homes.

Even as home prices have begun to fall across most of the Bay Area in recent months, prices in Atherton and other wealthy zip codes are on the upswing. The median home price in Atherton increased 6% from a year ago, while prices in Ross are up 20%, according to PropertyShark.

For the entire Bay Area, home prices dipped 2% in October, according to data from the California Association of Realtors.

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Source:: The Mercury News – Entertainment

      

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