August 28th, 2009 11:22 AM by Ron Mastrodonato
America's Most Expensive ZIP Codes
Spending the rest of the summer in the infinity pool on your multimillion-dollar property? Don't get too comfortable. This year, in some of the country's most exclusive enclaves, it was home prices that took a dip.
Though Alpine, N.J., (07620) tops our list with a median asking price of $4.14 million, prices there fell 23% over the past year. Atherton, Calif., (94027) is the nation's second most expensive ZIP code with a median asking price of $3.85 million, but prices there also declined by 23%. And New York's once-bohemian West Village neighborhood (10014) is now fully gentrified, as demonstrated by its third-place finish and $3.5 million median asking price. Still, over the past 12months, prices in the West Village have fallen by 24%.