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