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We're #1

According to a new ranking by Zillow for Bloomberg Businessweek, Sagaponack retains the title of "America's Most Expensive Small Town" for the third consecutive year. The zip code may have dropped to third overall (so says Forbes), but for areas with populations less than 10K, its median home value of about $3.49M puts it in the top spot by a pretty comfortable margin?#2 on the list is the sunshine state's Jupiter Island with a median home value of $2.6M. Better luck next year, Florida. [Businessweek]