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South Redondo Among 'Most Expensive ZIP Codes'

North Redondo Beach is snubbed in Forbes' annual list of the most expensive ZIP codes in America.

South Redondo Among 'Most Expensive ZIP Codes'

South Redondo Beach was one of several South Bay ZIP codes included in the annual America's Most Expensive ZIP Codes list from Forbes.

At No. 301, the 90277 ZIP code ranked lower than many of its South Bay counterparts, including ninth-ranked Rolling Hills on the Palos Verdes Peninsula. Forbes ranked 500 areas.

With the help of Altos Research, Forbes examined prices in more than 22,000 ZIP codes from June 28 through Sept. 28 and looked at the median asking price for single-family homes and condominiums. The analysis was limited to ZIPs where 10 or more residences were on the market.

According to the magazine's analysis, the median home price during the survey period in South Redondo Beach was $888,691, a median price change of 10.9 percent over last year. A home, on average, remains on the market in the ZIP code for 124 days, and at the time of the survey, there were 139 properties listed.

North Redondo Beach's 90278 ZIP code did not rank in the top 500 most expensive ZIP codes, according to Forbes.

Neighboring Manhattan Beach ranked 91st with a median home price of $1,690,107, and Hermosa Beach ranked 225th with a median home price of $1,053,718.

Other South Bay areas included on the list were Palos Verdes Estates (No. 74), unincorporated Palos Verdes Peninsula (145th), Rolling Hills Estates (183rd) and Rancho Palos Verdes (250th). No Torrance ZIP codes made the list.

Editor Brendan J. O'Reilly contributed to this report.

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