The Fastest Selling Zip Codes
Altos Research data appears in Business Week with an analysis of The Fastest Selling Housing Markets in the U.S. The top performing zips include one from Seattle–let’s hear it for 98117!
- Sunnyvale, Calif. 94087: 66 days on market, median price $1.031 million
- Austin, Tex. 78749: 68 days on market, median price $250,693
- San Diego, Calif. 92131: 70 days on market, median price $771,025
- Plano, Tex. 75075: 75 days on market, median price $185,589
- Portland, Ore.97202: 77 days on market, median price $395,877
- Houston, Tex.77094: 77 days on market, median price $351,803
- Wakefield, Mass. 01880: 79 days on market, median price $429,485
- Seattle, Wash. 98117: 86 days on market, median price $535,020
- Littleton, Colo. 80130: 90 days on market, median price $378,420
- Atlanta, Ga. 30340: 91 days on market, $217,285
Source: Prashant Gopal, Business Week
According to Mike Simonsen, co-founder and CEO of Altos Research, (not surprisingly) the up markets are in the nice parts of town and the hardest hit markets are in the cheapest parts of town. Simonsen further points out that “mortgages are still historically cheap, if you can get one.”
Take a look at the list and you’ll find that “nice” is relative to the locale, ranging anywhere from over one million in techie Sunnyvale, CA, which can sell in 66 days, to less than $200,000 in Plano, Texas, which can sell in 75 days. Regardless of the price, the data shows what we’ve perhaps known all along–those with more money (and fewer worries) are still out there–and they’re buying houses.
