Fisher Island just ranked by Forbes as #37 of America's most expensive zip codes in the United States, with a median home price of $2,295,291. Forbes list also included: Key Biscayne, Coral Gables, Indian Creek and Bal Harbour.
About 35% of the ZIP codes in our index saw median prices increase or stay flat, but that's likely because more high-priced homes are coming on the market, while more affordable housing continues to falter.
Miami where housing prices have plummeted and foreclosures continue to mount, still contains some of the most expensive homes in the country, with four ZIPs on the list, including Fisher Island, in the No. 37 spot. This ZIP code, for celebrity enclave Fisher Island, boasts a median home sale price of $2,295,291.
"We have yet to see mortgage defaults climb aggressively into higher-priced homes, but there are some signs that those could hit in next twelve months," says Simonsen. "If those mortgage resets drive inventory at the higher end, that would cause major problems."
Tuesday, November 23, 2010
Miami Beach Makes Forbes List Of America's Most Expensive ZIp Codes in the US
