Industry NewsMarkets & Economy

More ‘Hot Markets’ outside California

ZipRealty report tracks sales-to-list-price ratios
Published on Oct 27, 2009

A "Hot Market" list compiled by ZipRealty spotlighting ZIP codes where homes are selling for the greatest premium above list price shows increasing diversity outside of California.California landed four markets on the third-quarter Hot Market list, with two Arizona markets -- Glendale and Phoenix -- making the list for the first time, ZipRealty said in releasing its Third Quarter 2009 Home Hunter Report. By comparison, California had eight of the top 10 markets in ZipRealty's second-quarter Hot Market list.The 10 ZIP codes with the highest sales-price-to-list-price ratio among 33 markets tracked by ZipRealty were Rancho Bernardo, Calif., 92127 (124.9 percent sales-to-list ratio); Davie, Fla., 33328 (123.2 percent); Grand Prairie, Texas, 75050 (120.1 percent); Commerce (Los Angeles), Calif., 90022 (118.5 percent); Everett, Wash., 98205 (109.3 percent); Whitestone (Queens), N.Y., 11357 (108.5 percent); Glendale, Ariz., 85307 (107.6 percent); Phoenix, Ariz., 85035 (106.3 percent...

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