Monday, May 28, 2012
 At a time when the U.S. property market is softening, there's one category that is still going strong: the priciest properties. Our BusinessWeek.com special report on Luxury Real Estate takes a look at homes at the top of the market and why they make the best investment. It's good news for buyers who were willing to spend a little more for houses in established luxury markets. Case in point: Already affluent Greenwich, Conn., which has the Zip Code with the highest median home prices in the U.S. Thanks to the recent influx of megarich hedge fund managers, who have bid up prices in the tony suburb of New York, homes with an 06831 Zip Code have a median price of nearly $3 million, a 49% increase since 2001. Other well-heeled burgs that saw values soar are Newport Beach, Calif.; Glen Head, N.Y.; and Bellevue, Wash. We also look at which states have the most $1 million-plus homes, check out the states that are likely to see the next real estate boom, tour a $35 million Sonoma Valley mansion, and look back at some no-longer-luxury neighborhoods that have seen better days. Go to www.businessweek.com/go/07/realestate for all this and more.
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