The surge in prices shows the high-end real-estate boom in New York is still robust as more wealth pours into coveted properties in the top global markets. The biggest demand and price surge in New York was for new condos, a favorite of overseas buyers. Prices for new development jumped 17 percent over the past year, to an average sales price of $3.156 million, or $1,871 per square foot.
IN-DEPTH
Rents Rise: 2015 May Be the Year to Buy a Home
Kim and Kanye Make Surprising Real Estate Buy
Home With 3,000 Square Foot Closet Hits Market
-- Robert Frank, CNBC