The StreetEasy Monthly Cheat Sheet is a recurring feature that looks at the New York City for-sale market over the last four weeks, highlighting a combination of market data, StreetEasy user behavior and topical trends. This is the report for March 2017.
Value of Listings: $34.6B
If one were to add up the prices for all the for-sale listings on the New York City market as of March 31, 2017, the result is a whopping $34.6B. In case you’re wondering, this represents 14,243 distinct listings.
Priciest Newbie: $65M on Lenox Hill
While super-pricey listings are plentiful on StreetEasy — for example, this one for $96M has been on the market since April 2016 — the most expensive listing to hit the market in March is this $65M five-bedroom, eight bathroom co-op in Lenox Hill. The apartment overlooks Central Park and includes three entertaining rooms with wood-burning fireplaces, a kitchen breakfast room, a master suite with a dressing room and walk-in closet as well as staff room because if you are paying $65M you can probably budget for some help around the house, too.
Sneak peak inside the walk-in closet, which might be as big as a NYC studio apartment.
Most Popular: $749K Co-op in Village
What apartment drew the most attention from our readers? It was this $749K two-bedroom co-op in Greenwich Village, which was saved 566 times by StreetEasy users over the course of the month. Its popularity can be attributed to its affordable price relative to the neighborhood, where Greenwich Village‘s median asking price is $1.75M. In addition to the compelling price, the apartment itself has a lot to offer. Laid out as a loft, the apartment has 12-foot ceilings and is spread across two levels.
Double-height ceilings, a loft layout and central Village location brought in StreetEasy users.
Most Popular Neighborhood? UWS, Naturally
To determine popularity, we looked at the neighborhood that generated the most leads for agents from StreetEasy users over the course of the month. In March, listings on the Upper West Side generated 4,436 leads. This was closely followed by the Upper East Side, which received 4,196 leads and was followed at a distance by Yorkville, which received 3,291 leads.
March’s Best Bet: Forest Hills
Each month, we’ll look at one metric that indicates great value for buyers. In March, we investigated the best neighborhood for buyers looking for an apartment under $750K. Forest Hills topped the list, which saw 144 new for-sale listings under $750K enter the market in March. Riverdale was the next best bet, which saw 111 for-sales listings for under $750K.
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