January 26, 2023
SF Chronicle: California’s hottest real estate neighborhoods: Home prices are still rising in these ZIP codes
The California housing market continues to cool from the pandemic buying frenzy, with some areas seeing home prices decline for seven months in a row. Even so, home value growth in some California outlier neighborhoods has bucked the trend, continuing to rise even as parts of San Francisco and Los Angeles push further into the red, according to the latest data from real estate listings site Zillow.
The 93110 ZIP code includes the high-end oceanfront community of Hope Ranch. Randy Solakian of Randy Solakian Estates Group, who has current listings in the community, called it “a little bit of utopia” because it is safe and private, while still offering activities, good schools and cultural amenities.
“Many families with school-aged kids are very determined to buy a home in Hope Ranch,” he said. “A lot of people come in without families too, mature adults with grown kids and grandkids who want a place for family gatherings and holidays.”
By SF Chronicle
