New Jersey Claims Two Spots In 2017's Top Priciest Zip Codes In The US
Posted by Cristian Perez on Friday, December 29, 2017 at 3:22 PM
By Cristian Perez / December 29, 2017
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Ranking the priciest zip codes in the US based on closed home sales
It’s December which means it’s time for our annual report on the 100 most expensive zip codes in the United States. We consider our report to be the most accurate benchmark of the country’s most exclusive areas as we are the only publisher who is analyzing closed sales prices and not asking prices. This allows us to avoid presenting inflated prices that are the result of luxury listings lingering longer on the market and which are frequently the subject of hefty price cuts. Conversely, in some highly competitive markets like Silicon Valley and San Francisco where bidding wars are the norm, average asking prices may be lower than what people end up paying to own a coveted piece of real estate.
