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Monday, March 16, 2015

Has the luxury home market peaked?

There's never a shortage of news about record-breaking sale prices for luxury homes , but it could be a warning sign when the news turns to these ultra-high end homes slashing prices because they're not selling. Sellers of some of the city's most expensive properties are dramatically slashing prices, even as developers keep trying to push the boundaries of the luxury market with pie-in-the-sky price tags of up to $175 million.

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