America's Priciest Real Estate List Almost Shuts Out Los Angeles
Forbes magazine seems to think the nation's priciest real estate is in New York, when we all know that, despite the crazy gulf between rich and poor here, some L.A.-area land is as good as gold and California has more billionaires than just about anyplace on earth besides the United States itself, China and Russia.
Only one SoCal community made the Forbes list of "America's Most Expensive ZIP Codes:"
Rolling Hills. According to the mag it has a median home price of $3.9 million. The 90274 ZIP code made No. 9 on the list.
A few Silicon Valley communities -- Atherton, Hillsborough, Los Altos Hills -- made the ranking.
But Manhattan dominated, with the Upper East Side's 10065, home to Park Avenue and the Wall Street mogul, coming out on top.
Last year a Coldwell Banker ranking of the nation's most expensive communities put Newport Beach on top and had L.A. city's own Pacific Palisades in the No. 2 position. Rolling Hills' neighbor, Rancho Palos Verdes, also made that list at No. 4.