1 Day
Source:
Los Angeles Times
California billionaire area surpasses Miami in cost
A luxury real estate surge in Atherton, California, driven by the region's booming AI industry, has led to rapid property sales, with homes selling quickly at record-breaking prices. A recent $32 million mansion was sold within 72 hours, reflecting high demand among ultrawealthy buyers. The median home price has increased by 20% this year, and the area has regained its status as the most expensive U.S. ZIP code, amid rising security concerns and increased off-market transactions. Despite broader regional inequality and potential tax measures targeting billionaires, affluent individuals remain committed to owning property in Atherton.
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