Thursday, October 13, 2005

Expensive real estate!

Forbes, Inc. reports on the ten most expensive properties on the market. The list starts at a price of $75 million for a 60 acre estate in Bridgehampton, N.Y. Many properties are on the east coast.

And, how are the prices doing on the upper-upper end properties? The article says:
"The average price of the properties on our list of the Ten Most Expensive Homes in America is up about 5% this year, to $58.1 million from $55.25 million. That's more than 216 times the average home-sale price as of August 2005, according to the National Association of Realtors."

And, property in California? Well, #3 on the list is in Malibu at a price of $65 million and #4 (tie) is in Brentwood asking $60 million.

To read the online article: Expensive homes for sale

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