With prices soaring, the trend toward luxury homes is sweeping across the country.
A study released Tuesday found New York’s luxury home prices were the highest in the nation.
The average price of a $1 million house rose 15.5 percent year over year in February.
The median price of an average home rose 3.3 percent.
The average price for a two-bedroom apartment rose by 3.7 percent year-over-year.
The most expensive New York home in February was the $3.2 million home owned by Robert Rocha.
He has lived in the building for 17 years.
Rochas family says the price hike has impacted their everyday life.
“It’s just very stressful,” Rochacas said.
“You have to get to your car, you have to take the bus, you can’t just sit in a house, and you can go to the grocery store, you don’t want to have to deal with all of that.”
New York City is one of a number of cities around the country that are seeing an increase in luxury home sales.
A number of new luxury homes have gone on sale, including a home in San Francisco, the most expensive property in the city.
And more than 30 luxury homes sold in January alone, according to a report by real estate data firm Zillow.
The median price for new luxury condos in New York was $1.2-million.
In a recent report, Zillower noted that home prices have skyrocketed in the past few years, with some properties selling for as much as $1-million, as well as properties in New Orleans that have recently gone for $1,000-plus million.