High-end housing markets were home to the biggest bargains for buyers in the first quarter of this year, according to a Home Hunter Report released today by ZipRealty.  In one of the country's most famous ZIP codes, 90210 in Beverly Hills, homes sold, on average, for 15 percent below asking price, or an average of $703,964 under asking. 

                                           
     Across the country, in
Miami's Palm Beach (33480), buyers paid about a million dollars per purchase and paid an average of $198,693 under asking.   ZIP codes in California remain the country's "hottest" for buyer demand. California is home to nine out of ten of the country's hottest ZIP codes, with homes selling above asking price in parts of the state. See the chart below for the full list of the country's ten hottest and ten coldest ZIP codes. According to the total number of home searches on ZipRealty.com, Phoenix continues to be the most popular searched city in the country.
 
      Many of the country's "coldest" markets -- those ZIP codes where homes are selling below list price -- continue to be located in
South Florida. The report has shown, however, those same "cold" markets are seeing a warming trend, selling on average more than five percent closer to asking price in Q1 2010 than they were in the same time period last year. In Q1 2009, homes in the county's ten "coldest" markets sold for an average of 77 cents to the dollar while homes in Q1 of this year in those same markets sold for an average of 82 cents to the dollar.

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