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The boom in 8-figure homes
More and more properties are selling for prices of more than $10 million.
March 7, 2005: 1:25 PM EST
By Les Christie CNN/Money staff writer
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NEW YORK (CNN/Money) - Sales of luxury homes are booming all around the country. Coldwell Banker reported that in 2004 it participated in the sales of 20,292 houses of more than $1 million each, a jump of 47 percent over the previous year.

One of the strongest segments of the luxury home market is of homes selling for in excess of $10 million. USA Today recently reported that sales of single-family homes above that level increased 56 percent in 2004, from 18 to 28.

Americans' appetite for posh pads has proceeded unabated: a penthouse sale in New York broke the $44 million mark, a Hamptons' hangout has been put on the market for $75 million, and a California dream house, $65 million.

The market for eight-figure homes goes beyond the traditional elite real estate markets in New York, California, and Florida; $10 million-plus homes can be found now in many regions.

Click for a sampling of eight-digit homes from all around the United States, put together by Cendant Corporation, whose real estate affiliates include some of the foremost brokers of luxury homes in the world: Century 21, Sotheby's International Realty, The Corcoran Group, ERA Realty, and Coldwell Banker.  Top of page


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