In Atherton, Calif., 94027, the most expensive home currently on the market is a 12,840-square-foot Mediterranean mansion with a $21.988 million price tag. Not a millionaire? Good luck finding a place to live in this Silicon Valley enclave. The least expensive home for sale in the 94027 ZIP code is a 1,370-square-foot, two-bedroom, two-bath bungalow. In other words, a starter home–with an asking price of $1.499 million.
The median price of the 24 homes listed for sale over the summer was $9.03 million, making Atherton the most expensive ZIP code in America for the second year in a row.
“Atherton is drawing a lot of young executives: CIOs, CFOs, and CEOs,” says Ken DeLeon, a Silicon Valley broker whose firm, DeLeon Realty, has $480 million in sales closed or pending to date this year. “And the international buyers really draw on the prestige.”
via New York Dominates 2014 List of America’s Most Expensive ZIP Codes – ForbesLife.
