Bay Area Zip Second-Priciest in Country
SAN FRANCISCO - MAY 04: A sale pending sign is posted in front of a home for sale May 4, 2009 in San Francisco, California. A report by the National Association of Realtors says that pending home sales were up 3.2 percent to 84.6 in March as home buyers took advantage of historically low mortgage interest rates and low home prices. (Photo by Justin Sullivan/Getty Images)
Updated at 11:30 AM PDT on Monday, Aug 31, 2009
Alpine, New Jersey is king of the expensive hill, but Atherton still reigns high in the list of most expensive places to buy a home.
Forbes Magazine rated the country's homes and found the median asking price of $4.14 million for Jersey and $3.85 million for Atherton.
Both zip codes took huge hits in this down market, falling 23 percent over the past year.
The top spots took much bigger hits than the rest of the list which fell just seven percent.
A quick look at some Atherton "for sale" signs found a four-bedroom 3,200 square foot home for $2.09 million and a three bedroom 3,600 home for $7.9 million.
So, for the record, you need to be able to purchase a two-comma property to shop in Atherton.
Published at 10:57 AM PDT on Aug 31, 2009