SAN FRANCISCO, Oct. 24, 2013 /PRNewswire-iReach/ -- Forbes Magazine published its annual list of "America's Most Expensive Zip Codes" this month, with four out of the 10 located in the San Francisco Bay Area. But how could San Francisco, with its notoriously high prices, not make the top of the list?
"The most expensive houses in San Francisco happen to share a zip code with those among the least expensive," explains luxury real estate agent Joel Goodrich.
According to Goodrich, who has 25 years experience selling properties for the City's elite, the 94115 zip code includes both Pacific Heights' "Gold Cost," an area famous for its billionaire residents and record-breaking prices, and "The Western Addition," an area about 20 blocks away where real estate prices are significantly lower.
But after calculating listing data for single family houses only in Pacific Heights, Goodrich, who works at Coldwell Banker Previews International in San Francisco, found some shocking data.
"If Pacific Heights had its own zip code, it would be the most expensive place to buy a single family home in the United States," he says.
"The median price for a single family home for sale in Pacific Heights is $10,250,000," Goodrich says. Forbes found that homes in Atherton's 94027 zip code, with a median price of $6,665,231, are the nation's most expensive. But Pacific Heights is actually $3.5 million more!
"Pacific Heights listings are over $5 million more than New York's Upper East Side," according to Goodrich, noting that Forbes placed New York's 10065 zip code as number three on their list, with a median price of $4,860,494.
Among current listings in Pacific Heights is an estate on almost two-thirds of an acre for $30 million, a $24.8 million mansion with a stunning Tiffany glass skylight, and a $16,995,000 home with panoramic Golden Gate views.
"And those are just the listings I can tell you about!" he adds, explaining there are quite a few "whisper listings" priced up to $40 million, homes that are not marketed online or on the MLS.
"I can only show those residences to the most qualified buyers, with total discretion on both sides, to protect everyone's privacy," he says.
But in the rarefied world of Pacific Heights, sometimes a whisper is all it takes to push house prices onward and upward to the stratosphere.
About Joel Goodrich
Joel Goodrich has established himself as one of the most prominent luxury real estate agents in the San Francisco Bay Area over the last 25 years. His specialization ranges from the top residential neighborhoods in San Francisco to the finest addresses in Silicon Valley and Marin. He works closely with buyers and sellers of the Bay Area's most exceptional properties, many of which have been featured in design and lifestyle publications such as Architectural Digest.
Listings currently being offered by Joel Goodrich include:
- The Tobin-Clark Estate in Hillsborough, California. Asking $26 million. A mansion designed by renowned architect David Adler, and completed circa 1931 for Mrs. Celia Tobin Clark, a founding member of the Peninsula's gentry, this gated and very private Mansion offers quality of lifestyle that is unsurpassed. It is a stately and magnificent example of Cotswold Tudor architecture. www.ultraluxuryestate.com
- The Miraflores Estate in Woodside, California. Asking $12 million. This spectacular estate of approximately 14,000 square feet on 21 acres was the 2013 Peninsula Decorator Showcase. www.389mooreroad.com
- Three Mendocino Inns in Mendocino, California. Asking $6.25 million. Featured in Food & Wine Magazine, the New York Times, the Today Show and other international media outlets, these exquisite properties, located in the picturesque oceanfront community of Mendocino, California, have been upgraded to a level appealing to the most sophisticated travelers. www.joelgoodrich.com/mendocino-inns
- Glamorous Meussdorffer Apartment in Nob Hill, San Francisco. Asking $2.795 million. Designed by Conrad Alfred Meussdorffer, the "architect of choice for the City's most luxurious apartment buildings," this residence has exquisite architectural details, wide doorways, rounded window bays, and coffered ceiling. www.joelgoodrich.com/840-powell
- Park Avenue Style Residence in Nob Hill, San Francisco. Asking $2.575 million. The ultimate in glamour and sophistication, this stunning Ann Getty-designed Park Avenue-style condominium residence on San Francisco's world-famous Nob Hill provides a fabulous City lifestyle, perfect for grand-scale entertaining, yet well-suited to a contemporary lifestyle. www.joelgoodrich.com/850-powell
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SOURCE Joel Goodrich