Last week, Coldwell Banker Previews International released its 2013 Luxury Market Report. Now available online on the company’s Previews Inside Out blog and exclusively excerpted in the Spring/Summer issue of Homes & Estates magazine, the Luxury Market Report was all over the news this week. While the robust 29-page report covers a lot of territory (see: “Luxtimate: Pricing Properties in the $10 Million+ Market” and “Previews Trend Report: Six U.S. Communities that Offer Great Value for Luxury Homebuyers”), the key takeaway for readers of California Home should be this: our state has six of the 10 priciest ZIP codes in America! From Beverly Hills to Malibu and Atherton, these ZIP codes continually rank at the top for the most luxury home sales and luxury home listings. That’s why we decided to give our weekly round up of headlines a luxurious spin this time…
Who can ever forget 90210? The ZIP code never seems to lose its luster—on TV and in real-life, as Daily Mail reports.
“The rich have always liked to live near each other. It’s what F. Scott Fitzgerald referred to as the ‘consoling proximity of millionaires,’” writes CNBC wealth reporter Robert Frank while covering the Previews Luxury Market Report.
If you want to get really specific, four of the top 10 richest zip codes in America are in Southern California, according to the Previews Luxury Report—points out CBS LA.
Does that beautiful Albert Frey-designed compound in Palm Springs look like a desert mirage? No, it’s just actress Suzanne Somers’ and her husband, Alan Hamel’s 73-acre, $14.5 million estate in Palm Springs, Calif., reports the Wall Street Journal.
A mansion fit for royalty is one thing, but what about an elected official? A Beaux Arts estate owned by former San Francisco Mayor Joe Alioto (1968-1976) and designed by renowned architect G. Applegarth is on the market for $8.98 million, reports Forbes.
Chinese investors are here to stay….they continue to pump capital into the Bay Area real estate market, says the San Francisco Business Times.