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High-End Home Market Still Going Strong

…”There have been transactions in the $50 million to $70 million range,” says Jonathan Miller, president and CEO of Miller Samuel Inc., a real estate appraisal firm in New York City….

…Miller adds that there have been some apartment sales approaching $90 million in some of the city’s newest apartment buildings. Most of the high-end transactions are mostly on the East and West coasts. “This has been going on two-and-half years – almost three years – where you’ve had this almost new segment of the market defined,” Miller says….

…In a report prepared with Douglass Elliman Real Estate, Samuel Miller Inc. noted that home prices in the Hamptons, the resort area on Long Island, have increased dramatically….

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