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Even mighty enclaves of the rich and privileged have taken hits in this housing market. The average selling price in Greenwich, Conn. is down 11%, and in Beverly Hills, Calif. it's off 19%
Editor's Note: The index compares values in various cities for 2,200-square-foot single-family homes with four bedrooms, 2.5 baths, a family room, and a two-car garage. Source: Coldwell Banker Home Price Comparison Index.