NEW YORK — The big question for home buyers is: Where can I find the best real estate in New York?
Many of the best deals are in places like the Bronx and Brooklyn, where property values have soared in recent years and demand is growing.
In Brooklyn, real estate agents say, it’s easy to find homes for sale in the city’s priciest neighborhoods.
The city is known for having one of the highest concentrations of high-end apartments in the country.
There are so many apartments, the average price for a single-family home is $1.2 million, compared with $2.6 million in Manhattan, according to Zillow, which tracks real estate data.
The Bronx has a median home price of $1,837,000, according on Zillotown, a real estate website.
The median home value in Brooklyn is $2,085,000.
In the boroughs bordering New York City, the best prices are in the wealthier areas of Brooklyn, Manhattan and Queens.
The area with the most affordable real estate is the Financial District, which has a population of 1.6 billion people and a median price of about $872,000 for a one-bedroom home.
In Brooklyn, the median home sale price is $832,000 in March.
In Manhattan, prices are higher in the neighborhoods around Midtown and Manhattan Beach, where the median price is about $1 million, Zillower said.
The areas near Union Square and Times Square are also cheaper.
The median home sales price in Queens is about twice as high as in Manhattan.
The real estate industry is booming in the borough, with listings on Zellers and other websites ranging from $1-million to $15-million.
The most expensive homes are usually sold by agents with agents in the area.
Zillow’s survey of the top 50 real estate areas in New England shows the area with best properties is in the financial district, where sales have jumped nearly 50 percent in the past year, said Paul Hirschfeld, a managing director of the New York office of Realtors.
The area around the Financial Center has also seen an explosion in homes being sold.
The neighborhoods near Union Station and the Brooklyn Bridge, however, have seen less growth in sales than in Manhattan or Brooklyn.
The boroughs near the financial centers of Manhattan and Brooklyn are also among the most expensive places to buy in the United States.
Zillottear, a broker who specialises in selling luxury properties, says it can be hard to find buyers in the areas that are on the East Coast.
The New York-New Jersey-Pennsylvania border is a popular destination for luxury homebuyers because of its proximity to major cities.
Zellers has found some homes for buyers in New Jersey, which is near the border.
In a letter to buyers, Zellists wrote that prices are up across the country and that sales have been up a “significant amount” in New Brunswick and St. John’s.
It also noted that sales in the Bronx, which borders the area, are down and that the area in the north of the state has seen a 30 percent decline in home sales over the past five years.
The boroughs that have seen the most growth in home prices are the areas where the population has grown the most, Hirschfield said.
In the Bronx area, which was just one-third of the population before the recession, the area now houses a population about six times that of Manhattan.
“In terms of how much people are willing to pay for a house, it is the most desirable in the world,” he said.
“I think this is an exciting time for buyers,” Hirschstein said.
In recent years, many buyers have gone for properties in areas with high prices because of the economic recovery.
But many also are buying in the face of rising property values and the economic woes of the housing market.
Zilliow, for example, has seen prices soar in Brooklyn as the city has seen its median home values jump nearly 50% since the start of the year.
In Manhattan, the market is also in a frenzy as the region’s median price for an average home is about half of that in New Orleans, the city that is on its own economic comeback after Hurricane Katrina.
“It’s a different environment now, and that’s part of why we have this excitement in the market,” said Peter Mazzoni, Zilliow’s chief economist.