Saturday, September 13, 2008

ZIPs Where Property Is Selling Like Hot Cakes!

Altos Research, which tracks real estate data all over the country, identified these ZIP codes in which homes for sale spent the fewest days on the market.

In cases where communities of relatively fast-selling real estate were clustered, the best ZIP Code in the area was chosen.

Overall, expensive homes and big bargains are selling with general ease, says Ken Gold, director of the Center for Real Estate Education and Research at Ohio State University. Meanwhile, homes in middle-income neighborhoods are selling the slowest, he says.

Here's the list of the Top 10 fastest-selling ZIPs:

  1. Sunnyvale, Calif. 94087: 66 days on market
  2. Austin, Texas 78749: 68 days on market
  3. San Diego, Calif. 92131: 70 days on market
  4. Plano, Texas 75075: 75 days on market
  5. Portland, Ore. 97202: 77 days on market
  6. Houston, Texas 77094: 77 days on market
  7. Wakefield, Mass. 01880: 79 days on market
  8. Seattle, Wash. 98117: 86 days on market
  9. Littleton, Colo. 80130: 90 days on market
  10. Atlanta, Ga. 30340: 91 days on market
Source: Business Week, Prashant Gopal (09/05/08)

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