New York makes ‘top-10 cities for luxury real estate’ list

3/22/13 11:00am

The report found that major cities’ super luxury housing markets, referred to as ‘billionaire markets’, have grown at a much faster clip than mainstream markets of the same cities.

Average price per square foot in the Big Apple was about $4,100 in 2012. Still, that’s 47% higher than the sales prices commanded during the 2005 heights of the U.S. housing bubble, according to Forbes.