| Housing prices have fallen in many of last | | | | project was 15 Central Park West, which is |
| year's hot spots, yet for an exclusive few, | | | | new but has classic floor plans."Apartments |
| prices remain on the rise."Prices are going | | | | at 15 Central Park West have sold for prices |
| up," says broker Ray Smith of Prudential | | | | that exceed $4,000 per square foot. And the |
| Douglas Elliman. Smith holds the third most | | | | building hasn't even been completed yet. The |
| expensive home listing in the Northeast for a | | | | average price per square foot for Manhattan |
| property he has listed for $62.5 million in | | | | in FQ2006 was just over $1,000, according to |
| Southampton, NY.According to Forbes magazine, | | | | consulting firm Miller Samuel.The most |
| each residence in the top ten most expensive | | | | expensive property in the Northeast is the |
| homes on the market is located in New York. | | | | same property that topped the list last year |
| The reasoning behind the location | | | | -- a 60-acre Bridgehampton estate called |
| concentration is the wealth in the city and | | | | Three Ponds. The property has remained on the |
| the desirability of the locations.Forbes | | | | market for some time, reports Forbes.The |
| points out that these properties do actually | | | | average house price on the list has increased |
| sell for their listing prices. For example, a | | | | from $49.4 million last year to $56.7 million |
| $40 million estate in New Jersey sold since | | | | for 2006.Martin Lukac ( represents and a |
| making an appearance on the 2005 list.Those | | | | finance web-company specializing in real |
| listed as purchasing the top real estate | | | | estate/mortgage market. We specialize in |
| holdings in New York include Rupert Murdoch, | | | | daily updates, rate predictions, mortgage |
| Stewart Rahr and Daniel Loeb."What we have | | | | rates and more. Find low home loan mortgage |
| seen is some newly achieved price points in | | | | interest rates from hundreds of mortgage |
| the city," Kathleen M. Sloan with Brown | | | | companies! |
| Harris Stevens told Forbes. "An instructive | | | | |