Hottest markets begin to diversify

The country’s top ten ZIP codes for home sales based on sales-to-list price ratio have diversified significantly this quarter, according to ZipRealty’s Q3 Home Hunter Report.
The areas where sellers are fetching the highest offers (measured by sales-to-list price ratio) among 33 markets served by ZipRealty are:

· Phoenix, Ariz. (85035)
· Glendale, Ariz. (85307)
· San Diego’s Rancho Bernardo (92127)
· Los Angeles proper (90022)
· Arleta district (LA) (91331)
· Oakland (94608)
· Southern Florida’s Davie (33328)
· Dallas/Fort Worth’s Grand Prairie (75050)
· Greater Seattle’s Everett (98205)
· New York’s Whitestone, Queens (11357)

On the cold end of the spectrum, where sellers are accepting on average 70 to 80 cents on the dollar, six of the 10 ZIP codes selling the most below asking price based on sales-to-list price ratio are located in Florida for the second consecutive quarter-Jacksonville (32209), Miami Beach (33140), Palm Beach (33480), Miami (33183), North Miami (33181) and North Fort Myers (33903). New Hope, Pa., (18938), Denton, Texas (76208), Georgia’s Stone Mountain (30083) and once again Atlanta (30326) join the Florida ZIP codes to round out the coldest markets for the third quarter.

Source: Real Trends

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