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Meanwhile, In New Jersey...

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According to the Multiple Listing Service, the average home price in ritzy Alpine, New Jersey has plummeted from $4.3 Million to $2 Million. At the moment, Alpine holds the title of most expensive ZIP code according to Forbes, while also boasting a 30,000 square foot mansion on the market for $68 Million. During the suburban paradise's peak in 2007, the median sale price was $3.75 Million, whereas this year it's been $1.9 Million. [NY Times]