SAN DIEGO – It was a record year for the US real estate market, and California’s shortage of apartments and homes only drove prices higher.
To keep up with other bank-busting markets around the Golden State, three San Diego zip codes compiled a list of the most expensive average sales prices in the US released this week by real estate data company PropertyShark.
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Rancho Santa Fe 92067 ranks highest and is ranked 18th most expensive with an average retail price of $ 3,399,000 in 2021. The rolling hills east of Del Mar are lined with eucalyptus trees and multi-million dollar properties – home to superstar golfer Phil Mickelson and businessman and gubernatorial candidate John Cox, among others.
Coronados 92118 follows in 63rd place of the most expensive in the country with an average selling price of $ 1,940,000 per year. The idyllic island (okay, it’s land-based, but that’s how it’s known to many) is a vacation spot, but it’s also home to a tightly knit community and stunning beach houses. In 2020, the San Diego Padres bat reportedly bought a $ 10 million home there.
Del Mars 92014 is the last zip code in the San Diego area to break the top 100, finishing in 74th place with an average sales price of $ 1,850,000 in 2021. Famous shorelines, luxurious oceanfront homes, the fairgrounds and the race track: Del Mar comes to mind when you think of the upscale communities in San Diego. In 2020, Bill Gates made it the second largest real estate sale in San Diego County’s history.
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If you think San Diego is well represented, take a look north. Nearly 50 postcodes in the San Francisco Bay Area made the PropertyShark list. That included the top spot in the country, 94027 in Atherton, which is just outside Palo Alto and has a staggering average retail price of $ 7,475,000.
Overall, 70% of the most expensive zip codes were in California. Los Angeles County had 21 entries, led by Beverly Hills, Santa Monica, and LA itself, making it the nation’s most expensive single county. Orange County’s top entries came in 14th and 15th: Huntington Beach and Newport Beach.
You can read more about PropertyShark’s methodology for the report and see the full list on the data site.
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