While it’s probably of little comfort to the majority of homeowners caught up in the current mortgage meltdown and foreclosure crisis, we are now starting to receive word that some of the Nation’s most expensive zip codes are feeling the crunch. While high-priced areas have generally held up better than most home prices–which dipped by slightly more than 14% in the 12 months ending March 31 (that, according to the S&P Case/Shiller Home Price Index)–many traditionally posh towns and neighbors are feeling the pain also.

From CNNMoney.com:

• In Palm Beach, Fla. (zip code 33480), median home prices fell 38% during that period
• Prices in Greenwich, Conn. (06831), dropped 15%
• Homes in Wayzata, Minn. (55391), are selling for 28% less
• Gladwyne, Penn. (19035), was down 6%
• Beverly Hills (90210), Lincoln, Mass. (01773), and Ladue, Mo. (63124), each slid 2%

According to one foreclosure estimate, in Beverly Hills alone, home of the famous 90210 zip code, foreclosure filings almost doubled to 41 in the first quarter of 2008, up from 22 in the first quarter of 2007.

Again, there’s not much to take comfort in from these statustics. Nevertheless, they are noteworthy because they speak to the size and scope of the foreclosure crisis nationally.

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