Real Estate
A study looking at home sales from March 13 to Sept. 7 identified the 21056 ZIP code in Maryland as one of the 125 priciest.
MARYLAND — The during the coronavirus pandemic include the 21056 ZIP code of Gibson Island. It’s a private, gated enclave with seven miles of shoreline on the western shore of Chesapeake Bay and part of Anne Arundel County.
The 21056 ZIP code for Gibson Island was No. 59 on the list with a median home sale price of $1,95 million.
Property Club, a New York City-based real estate company, looked at all residential sales nationwide between March 13 and Sept. 7 to determine the 125 priciest ZIP codes of the pandemic thus far.
The top two in the nation are both in California, with Atherton (94027) coming in at No. 1 with a median home sale price of nearly $6.7 million, and Beverly Hills (90210) at No. 2 with a $4.08 million median home sale price.
“The biggest surprise was that no urban city ZIP codes were in the top 10,” Andrew Weinberger, CEO of Property Club, told Patch. “It’s particularly astounding because when looking at historical numbers, you’ll see multiple New York City ZIP codes near the top.”
According to the , it measures three miles by two miles at its widest part, and covers about 1,000 acres. About two-thirds of the island is devoted to open space, natural forest, a bird sanctuary and recreation.
Branded as a family-oriented community of about 200 homes, the island touts miles of quiet roads for bicycling and jogging. Residents can enjoy kayaking, canoeing, fishing, windsurfing, and paddle boarding on a 44-acre fresh water lake. The Gibson Island Corporation maintains the Island’s infrastructure including its roads, beaches and woodlands.
The island is home to St. Christopher by the Sea, a non-denominational church, as well as the Gibson Island Historical Society and Salty Marks Museum.
The Gibson Island Club offers fine dining year-round in several venues, while members can use a nine-hole golf course, a nationally renowned Yacht Squadron, multiple tennis courts, and more amenities. Membership in the Gibson Island Club is by invitation only.
Atherton has been the highest-priced ZIP code “consistently” when looking at previous similar ZIP codes, Weinberger said. But he says the pandemic has had a noticeable impact on others that made the list.
“For example, here we see more Long Island ZIP codes on the list than New York City,” he said. “Normally, you’d expect places like Manhattan and San Francisco to have more.”
“We’re also seeing more ZIP codes near the sea and the mountains. It’s the first time we’ve seen a Lake Tahoe ZIP code in any top 10.”
More than two-thirds of the priciest ZIP codes identified are in California; all on the list are spread across only 15 states; and 18 continue to hold a median sale price of over $3 million, according to other “key findings” identified by the researchers.
ZIP codes with fewer than five closed sales between the study time frame were not considered, the methodology states.
Loading…
Recent Comments