The StreetEasy Monthly Cheat Sheet 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 January 2019.

Psst! This Carnegie Hill 3BR Is Now Asking $999K

Best price cut: This 3-bedroom co-op at 181 E. 93rd St. was originally listed in December for $1.151 million. Six weeks later, it got a $151,000 price cut — amounting to one of the largest price cuts in January. Especially after that reduction, the property offers solid value, with a spacious layout, 3 bedrooms, and a washer and dryer in unit.

The steep discount may come as surprise given the property’s good bones and location, but we found many listings advertising price cuts this month. In fact, 1 in 4 properties got a discount in the fourth quarter of 2018, according to the most recent StreetEasy Market Reports — evidence  sellers coming to terms with shifting market dynamics. If this month’s findings are any indication of what’s to come, we recommend that buyers remain patient and let the discounts roll in.

$489K 1BR in Crown Heights

Most popular: The most popular listing last month was a $489,000 1-bedroom co-op in Crown Heights. Located directly across from the Brooklyn Museum and Brooklyn Botanic Garden, the property combines convenience, charm and value. The place is in great shape and has lovely bones — toggle through the image gallery for a glimpse at the exposed brick and beams, bay window, and custom built-ins. Other pluses include an in-unit washer and dryer, Viking stove and reasonable monthly fees.

$67M Townhouse in Lenox Hill

Most expensive: The most expensive listing to hit the market in January was a 7-bedroom, 6-floor townhouse at 12 E. 63rd St. in Lenox Hill. The property is asking $67 million, nearly $9 million more than the second-most expensive listing of the month. While it easily beats out the luxury competition this month, the property is $10 million less than it was asking back several years ago. According to Curbed, it hit the market briefly in 2015 for an astounding $77 million. Despite the 13,000-square-foot layout, elevator, rooftop garden, massage room and 20-foot indoor swimming pool, the listing got no bites and was taken off the market. Will the $10 million discount make a difference this time around?

 $89,999 1BR in Highbridge

Least expensive: The least expensive property to come on the market in January was a 1-bedroom co-op in the Highbridge section of the Bronx, listed for $89,999. Like many of the most affordable apartments we highlight, this one is income-restricted. It also requires buyers to submit an all-cash offer. If you can swing that, you’ll have access to a spacious 1-bedroom in a prewar, elevator building close to the 4 train at 167th Street and Yankee Stadium.

$39.604 Billion

Value of all sales: For January 2019, the total value of all sales listings added up to $39,603,745,272. This marks a substantial increase from the total value for January 2018, which was $37,133,319,498. This $2 billion annual gain is testament to the slowing sales market and the accumulation of for-sale inventory.

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