Aug. 23, 2009 - master list of Manhattan loft closings since November
this is The Big One
It has been quite a while since I posted loft-closings-in-last-30-days, but I have not stopped keeping track of Manhattan residential lofts as they close. While there are many limitations in the data (discussed below), the collection is worthwhile enough to post as is, without giving in to my temptation to wait until it is more complete or more useful.
Without further ado ... click here for a Google Docs spreadsheet with 229 resales of Manhattan lofts since November [sheet 1], and another 164 deeds filed for new developments [sheet 2].
I am not going to offer much commentary on the data at this point, but will do so in the coming days and weeks. The major improvement over the 30-day sets is that I have included prior sale information for the third of the resale set that have now sold twice in the last five years or so. That is a potentially very rich source of trend analysis.
need a geek
I am not a wizard at spreadsheets (d'oh). If there is a Manhattan Loft Guy reader out there who wants to play with the data in more sophisticated ways than I have done, I would love to hear from you. In the current state, this is pretty much a data dump, with the only calculations for price-per-foot and days-until-contract, and the only sorting being by deed date. There's much more that can be done, but I don't have the talent or time to do more at this point.
Anyone interested??
limitations
The major limiting factor in this data collection is that it is based on my ability to recognize "loft" closings when I periodically scan the list of deeds filed in Manhattan. My former weekly data collections were automatic in the sense that my data source at the time (OLR) was search-able for "lofts" as designated by listing agents. Since I don't have that source since changing firms I have made a choice to only sift through Downtown deeds on StreetEasy, meaning that I am ignoring lofts in the (relatively) few true loft buildings on the Upper East Side or Hell's Kitchen, to use two examples. Call me lazy, but I don't want to sift through every damn closing in Manhattan....
If any of you note a loft closing that I have overlooked (uptown or downtown), let me know and I will track it down and add it.
The data is based on StreetEasy's links to deeds and listing histories. If no "square feet" are in the deed information or the listing, then that field is blank on my spreadsheet and there's no price-per-foot calculation. If there is incomplete information on StreetEasy for listing date or contract date, those fields are blank, and there's no days-to-contract calculation. In a few cases I have made judgments to ignore the reported data on contract date or last listing price because the information just looks wrong to me. For example, a listing history may show a price reduction days before a contract is signed, at a price suspiciously close to the closing price; that looks to me as though a listing agent is manipulating data to suggest that there was only a small discount from asking price.
With that caveat, the data on the spreadsheet should all be verifiable through publicly filed deeds and the inter-firm data base that Corcoran uses. There are probably typos resulting from careless keyboarding when I enter data; I know I have caught a few so it is very likely that I did not catch all. Feel free to let me know of any errors.
At some point I may segregate it by date, or create subsets by date, so that the prime spreadsheet doesn't get more unwieldy. Any suggestions for how to improve this spreadsheets will be considered.
Much more to follow!
COUNTDOWN: 10 ... 9 ... 8 ... 7 ... 6 ... 5 [oops] ... 4 ... 3 ... 2 ... 1 ... 0 !!!!!
© Sandy Mattingly 2009
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Jul. 10, 2009 - comparing 2Q Manhattan loft data + overall market / the case of the missing lofts
the race to publish ended with a boom this quarter
The three major firm market reports for the Second Quarter 2009 came out last week, essentially at the start of the holiday weekend. You've probably seen enough of the general media commentary about The Cliff The Manhattan Real Estate Market Just Fell Off, but I will highlight here how the Manhattan loft market niche compared to the overall Manhattan market data. Maybe I will get to the overall market at a later (but soon-ish) point. (Best laid plans ...)
Loft data with year-over-year comparisons (links to the reports below; links to commentary on two prior quarters below)
|
median sales price |
avg price per foot |
transactions |
days on market |
inventory |
| Miller Samuel |
$1.8675mm [down 9.6%] |
$1,197 [down 9.9%] |
72 [down 73.5%] |
138 [down 2.8%] |
737 [down 12.7%] |
| Terra Holdings |
|
$1,067 [down 8.9%] |
|
|
|
| Corcoran |
$1.42mm [down 25%] |
$1,083 [down 10%] |
|
|
|
Comparing the loft niche to the overall market, according to Corcoran the loft niche under-performed on median sales price (the overall market was down 13% YoY) but over-performed on average price per foot (the overall market was down 16% YoY).
Using the Miller Samuel more rich data set, the loft niche over-performed on median sales price (the overall market was down 18.5% YoY), on average price per foot (the overall market was down 16.4% YoY), on days on market (the overall market was up 20% YoY), and inventory (the overall market was up 8.7% YoY), while under-performing the overall market on transaction volume (the overall market was down 'only' 50.3%).
where did the lofts go?
Using The Miller's numbers, Loft Sales were way down YoY and down less severely from the prior Quarter, but Loft Inventory was also down (both YoY and QoQ). (I believe that The Miller framed this incorrectly when he said about the decline in Sales and Inventory: "the disconnect between these two indicators appears to be an anomaly since inventory tends to increase as the number of sales increase"; I assume that should be "... anomaly since inventory tends to increase as the number of sales decrease".) There were 97 fewer lofts for sale as of June 30 compared to March 31, but 17 fewer sales in 2Q compared to 1Q, so the reduced inventory is not from increased sales. Seems to me that an unusual number of 1Q loft "sellers" dropped out of the market in the last quarter. Either they gave up (taking the loft off the market permanently) or are preapring for a return at a different time (a better price?), hoping for a better response.
These disappointed sellers (now, more accurately, former sellers) are more likely to be 'previously owned' lofts rather than new developments taken off the market. If I am right, there is no way to predict when (if) these disappointed (former) sellers will come back to market, but I notice that The Miller has begun to include such people in his description of "shadow inventory". That term used to be reserved for new development sales not yet released to market.
links! we got links!
You can access PDFs of the various reports by clicking the Miller Samuel report, the Corcoran report and the Terra Holdings report (here's the Halstead version).
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Jun. 8, 2009 - new listing + sales data OH NOES / (over) optimism stopped by Dreaded Data Discontinuity
can this data set be saved?
In my announcement that Manhattan Loft Guy (the guy, not the blog) has found a new home at Corcoran (June 4, ch ch ch changes ... the Guy moves to Corcoran in Soho) I offered very optimistically that I did not think there would be much impact on the data reporting in MLG from the move from an OLR-based system to Corcoran's TAXI:
If ti it takes me a while to use the new system competently I may miss this Sunday's 'as of' numbers for new listings, closed sales and inventory. If TAXI defines a "loft" differently from OLR there will be real trouble with continuity, but I don't expect that to be the case.
Gulp .... I need to ask some questions at The New Firm, but as of now it appears that
Corcoran's
"loft" category is much smaller than
OLR's
(as I got only 4 new listings and less than 600 lofts in inventory) and that I cannot (easily? at all??) count loft sales for the last 7 days. If true, there will be
no
continuity (comparability) in my sets of weekly Manhattan loft new listings, closed sales and inventory
BCE
and CE (that is Before Corcoran Era and Corcoran Era, of course). The drawing board may await.
Arrrggghhhh
.
Stay tuned ....
© Sandy Mattingly 2009
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Jun. 2, 2009 - Manhattan loft inventory as of May 31 = 983
Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, up a bit this week after two weeks of slight dips:
| price range |
# of lofts |
| $500k to $999k |
159 |
| $1mm to $1.99mm |
349 |
| $2mm to $2.99mm |
229 |
| $3mm to $3.99mm |
97 |
| $4mm to $4.99mm |
72 |
| $5mm to $10mm |
77 |
| TOTAL |
983 |
This is up 7 in a week, while up 303 since my recorded low in mid-August. The inventory number has been within a fairly narrow range since climbing into record territory in late March (between 973 and 1,024).
See my May 19, 2008 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
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Jun. 1, 2009 - new Manhattan loft listings + closed sales in last 7 days
This is the eighty-third Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.
The stats as of Sunday night:
-
there were 15 Manhattan lofts reported as new to the market in the last 7 days and only 9 as sold
-
8 of the 15 new ones are offered between $1mm and $2mm, while 8 of the 9 sales were offered below $2mm (all 9 were below $2.5mm)
-
none of the 15 new loft listings are in new development, and only 1 of the 9 closed sales were in new development
|
By price
|
New = 15
|
Sold = 9
|
|
$500k to $999k
|
2 |
3 |
|
$1mm to $1.99mm
|
8 |
5 |
|
$2mm to $2.99mm
|
2 |
1 |
|
$3mm to $3.99mm
|
1 |
|
|
$4mm to $4.99mm
|
|
|
|
$5mm+
|
1 |
|
|
By neighborhood
|
New = 15
|
Sold = 9
|
|
Battery Park City
|
|
|
|
Chelsea
|
2 |
|
| Central Park South |
1 |
|
|
Clinton
|
|
|
|
East Village
|
|
|
|
Financial District
|
1 |
|
|
Flatiron
|
1 |
1 |
|
Gramercy
|
1 |
|
|
Greenwich Village
|
1 |
2 |
|
Kips Bay
|
1 |
|
|
Little Italy
|
|
|
|
Lower East Side
|
|
|
| Morningside Heights |
|
|
|
Murray Hill
|
|
1 |
|
Midtown East
|
|
|
| Midtown West |
|
|
| Noho |
|
|
|
SoHo
|
2 |
1 |
| Sutton Place |
|
|
|
Tribeca
|
2 |
1 |
|
Turtle Bay
|
|
|
|
Upper East Side
|
|
|
|
Upper West Side
|
1 |
|
|
West Village
|
1 |
3 |
- New loft listings in new developments
-
-
Sold lofts in new developments
| 311 West Broadway (Soho Mews) |
1 |
For information about how I get this stuff and why I slice it as I do, see methodology for New + Sold in The Last Seven Days. For my rant about how soft this data may be, see loft or not? caution: active ranting ahead.This week I adjusted for two Chelsea new loft listings that had duplicates; the dupes will probably show up in tomorrow's inventory numbers but i don't want to get into scrubbing those (much larger) numbers.
© Sandy Mattingly 2009
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May. 26, 2009 - Manhattan loft inventory as of May 24 = 976
Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, but is down again this week off the record high:
| price range |
# of lofts |
| $500k to $999k |
156 |
| $1mm to $1.99mm |
358 |
| $2mm to $2.99mm |
226 |
| $3mm to $3.99mm |
93 |
| $4mm to $4.99mm |
71 |
| $5mm to $10mm |
72 |
| TOTAL |
976 |
This is down 14 in a week, while up 296 since my recorded low in mid-August.
See my May 19, 2008 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
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May. 25, 2009 - new Manhattan loft listings + closed sales in last 7 days
This is the eighty-second Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.
The stats as of Sunday night:
-
there were 18 Manhattan lofts reported as new to the market in the last 7 days and (again) only 8 as sold
-
13 of the 18 new ones are offered between $1mm and $3mm, while 7 of the 8 sales were offered below $2mm
-
2 of the 18 new loft listings are in new development, and 4 of the 8 closed sales were in new development
|
By price
|
New = 18
|
Sold = 8
|
|
$500k to $999k
|
4 |
3 |
|
$1mm to $1.99mm
|
5 |
4 |
|
$2mm to $2.99mm
|
8 |
|
|
$3mm to $3.99mm
|
1 |
1 |
|
$4mm to $4.99mm
|
|
|
|
$5mm+
|
|
|
|
By neighborhood
|
New = 18
|
Sold = 8
|
|
Battery Park City
|
|
|
|
Chelsea
|
|
2 |
|
Clinton
|
1 |
1 |
|
East Village
|
1 |
|
|
Financial District
|
3 |
3 |
|
Flatiron
|
2 |
|
|
Gramercy
|
|
|
|
Greenwich Village
|
2 |
1 |
|
Kips Bay
|
|
|
|
Little Italy
|
|
|
|
Lower East Side
|
|
|
| Morningside Heights |
|
|
|
Murray Hill
|
|
|
|
Midtown East
|
|
|
| Midtown West |
|
|
| Noho |
|
|
|
SoHo
|
2 |
1 |
| Sutton Place |
|
|
|
Tribeca
|
4 |
|
|
Turtle Bay
|
1 |
|
|
Upper East Side
|
|
|
|
Upper West Side
|
1 |
|
|
West Village
|
1 |
|
- New loft listings in new developments
-
| 15 William Street (William Beaver House) |
1 |
| 25 Murray Street (Tribeca Space) |
1 |
-
© Sandy Mattingly 2009
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May. 18, 2009 - Manhattan loft inventory as of May 17 = 990
Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, but is down 3% this week off the record high (back to where it was on April 12):
| price range |
# of lofts |
| $500k to $999k |
153 |
| $1mm to $1.99mm |
367 |
| $2mm to $2.99mm |
224 |
| $3mm to $3.99mm |
98 |
| $4mm to $4.99mm |
72 |
| $5mm to $10mm |
76 |
| TOTAL |
990 |
This is down 34 in a week, while up 310 since my recorded low in mid-August.
See my May 19, 2008 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
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May. 18, 2009 - new Manhattan loft listings + closed sales in last 7 days
This is the eighty-first Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.
The stats as of Sunday night:
-
there were (only) 14 Manhattan lofts reported as new to the market in the last 7 days and only 8 as sold
-
11 of the 14 new ones are offered between $1mm and $3.5mm, while all of the 8 sales were offered below $3mm
-
none of the 14 new loft listings is in new development, and none of the 8 closed sales was in new development
|
By price
|
New = 14
|
Sold = 8
|
|
$500k to $999k
|
1 |
2 |
|
$1mm to $1.99mm
|
5 |
2 |
|
$2mm to $2.99mm
|
3 |
4 |
|
$3mm to $3.99mm
|
3 |
|
|
$4mm to $4.99mm
|
|
|
|
$5mm+
|
2 |
|
|
By neighborhood
|
New = 14
|
Sold = 8
|
|
Battery Park City
|
|
|
|
Chelsea
|
2 |
|
|
Clinton
|
|
|
|
East Village
|
2 |
1 |
|
Financial District
|
1 |
|
|
Flatiron
|
1 |
1 |
|
Gramercy
|
1 |
|
|
Greenwich Village
|
2 |
2 |
|
Kips Bay
|
|
|
|
Little Italy
|
|
|
|
Lower East Side
|
1 |
|
| Morningside Heights |
|
|
|
Murray Hill
|
|
|
|
Midtown East
|
|
|
| Midtown West |
|
|
| Noho |
|
|
|
SoHo
|
4 |
1 |
| Sutton Place |
|
1 |
|
Tribeca
|
|
2 |
|
Turtle Bay
|
|
|
|
Upper East Side
|
|
|
|
Upper West Side
|
|
|
|
West Village
|
|
|
- New loft listings in new developments
-
-
© Sandy Mattingly 2009
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May. 12, 2009 - Manhattan loft inventory as of May 10 = 1,024
Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, up again very slightly to a record high:
| price range |
# of lofts |
| $500k to $999k |
160 |
| $1mm to $1.99mm |
390 |
| $2mm to $2.99mm |
224 |
| $3mm to $3.99mm |
100 |
| $4mm to $4.99mm |
72 |
| $5mm to $10mm |
78 |
| TOTAL |
1,024 |
This is up 14 in a week, while up 344 since my recorded low in mid-August.
See my May 19, 2008 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
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May. 11, 2009 - new Manhattan loft listings + closed sales in last 7 days
This is the eightieth Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.
The stats as of Sunday night:
-
there were 21 Manhattan lofts reported as new to the market in the last 7 days and only 9 as sold
-
11 of the 21 new ones are offered below $2mm, while 4 of the 9 sales were offered between $1mm and $2mm
-
5 of the 21 new loft listings are in new development, while 2 of the 9 closed sales were in new development
|
By price
|
New = 21
|
Sold = 9
|
|
$500k to $999k
|
4 |
1 |
|
$1mm to $1.99mm
|
7 |
4 |
|
$2mm to $2.99mm
|
1 |
2 |
|
$3mm to $3.99mm
|
3 |
2 |
|
$4mm to $4.99mm
|
3 |
|
|
$5mm+
|
3 |
|
|
By neighborhood
|
New = 21
|
Sold = 9
|
|
Battery Park City
|
|
|
|
Chelsea
|
|
2 |
|
Clinton
|
|
|
|
East Village
|
2 |
|
|
Financial District
|
1 |
|
|
Flatiron
|
1 |
2 |
|
Gramercy
|
|
|
|
Greenwich Village
|
2 |
|
|
Kips Bay
|
|
|
|
Little Italy
|
1 |
|
|
Lower East Side
|
1 |
|
| Morningside Heights |
|
|
|
Murray Hill
|
1 |
|
|
Midtown East
|
|
|
| Midtown West |
|
|
| Noho |
|
|
|
SoHo
|
|
3 |
| Sutton Place |
|
|
|
Tribeca
|
8 |
2 |
|
Turtle Bay
|
|
|
|
Upper East Side
|
1 |
1 |
|
Upper West Side
|
1 |
|
|
West Village
|
2 |
|
- New loft listings in new developments
-
| 415 Greenwich Street (Tribeca Summit) |
1 |
| 60 Beach Street |
4 |
-
© Sandy Mattingly 2009
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May. 5, 2009 - Manhattan loft inventory as of May 3 = 1,010
Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, with most of the increase this week in the low and very high end of the market:
| price range |
# of lofts |
| $500k to $999k |
162 |
| $1mm to $1.99mm |
381 |
| $2mm to $2.99mm |
228 |
| $3mm to $3.99mm |
97 |
| $4mm to $4.99mm |
64 |
| $5mm to $10mm |
78 |
| TOTAL |
1,010 |
This is up 15 in a week, while up 330 since my recorded low in mid-August.
See my May 19 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
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May. 4, 2009 - new Manhattan loft listings + closed sales in last 7 days
This is the seventy-ninth Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.
The stats as of Sunday night:
-
there were 27 Manhattan lofts reported as new to the market in the last 7 days and only 8 as sold
-
19 of the 27 new ones are offered below $3mm, while 6 of the 8 sales were offered below $2mm
-
5 of the 27 new loft listings are in new development, while 5 of the 8 closed sales were in new development
|
By price
|
New = 27
|
Sold = 8
|
|
$500k to $999k
|
5 |
3 |
|
$1mm to $1.99mm
|
11 |
3 |
|
$2mm to $2.99mm
|
3 |
1 |
|
$3mm to $3.99mm
|
1 |
1 |
|
$4mm to $4.99mm
|
4 |
|
|
$5mm+
|
3 |
|
|
By neighborhood
|
New = 27
|
Sold = 8
|
|
Battery Park City
|
|
|
|
Chelsea
|
6 |
|
|
Clinton
|
|
1 |
|
East Village
|
1 |
|
|
Financial District
|
3 |
1 |
|
Flatiron
|
4 |
|
|
Gramercy
|
|
1 |
|
Greenwich Village
|
|
|
|
Kips Bay
|
1 |
2 |
|
Little Italy
|
1 |
|
|
Lower East Side
|
|
|
| Morningside Heights |
|
|
|
Murray Hill
|
|
|
|
Midtown East
|
|
|
| Midtown West |
|
|
| Noho |
|
|
|
SoHo
|
2 |
1 |
| Sutton Place |
|
|
|
Tribeca
|
3 |
1 |
|
Turtle Bay
|
3 |
|
|
Upper East Side
|
|
1 |
|
Upper West Side
|
1 |
|
|
West Village
|
2 |
|
- New loft listings in new developments
-
| 120 Eleventh Avenue |
1 |
| 20 Pine Street (The Collection) |
1 |
| 250 East 49 Street (The Alexander) |
3 |
-
© Sandy Mattingly 2009
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Apr. 28, 2009 - Manhattan loft inventory as of April 26 = 995
Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, though (again) essentially flat this week:
| price range |
# of lofts |
| $500k to $999k |
153 |
| $1mm to $1.99mm |
370 |
| $2mm to $2.99mm |
234 |
| $3mm to $3.99mm |
99 |
| $4mm to $4.99mm |
64 |
| $5mm to $10mm |
75 |
| TOTAL |
995 |
This is up 5 in a week, while up 315 since my recorded low in mid-August.
See my May 19 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
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Apr. 27, 2009 - new Manhattan loft listings + closed sales in last 7 days
This is the seventy-eighth Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.
The stats as of Sunday night:
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there were 18 Manhattan lofts reported as new to the market in the last 7 days and 10 as sold
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10 of the 18 new ones are offered between $1mm and $2mm, while the 10 sales were offered between $1.125mm and $3.25mm
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only 2 of the 18 new loft listings are in new development, while 4 of the 10 closed sales were in new development
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By price
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New = 18
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Sold = 10
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$500k to $999k
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2 |
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$1mm to $1.99mm
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10 |
3 |
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$2mm to $2.99mm
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2 |
5 |
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$3mm to $3.99mm
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3 |
2 |
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$4mm to $4.99mm
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|
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$5mm+
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1 |
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By neighborhood
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New = 18
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Sold = 10
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Battery Park City
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|
|
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Chelsea
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3 |
2 |
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Clinton
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1 |
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East Village
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|
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Financial District
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|
|
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Flatiron
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1 |
1 |
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Gramercy
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|
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Greenwich Village
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6 |
1 |
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Kips Bay
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|
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Little Italy
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|
|
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Lower East Side
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|
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| Morningside Heights |
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|
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Murray Hill
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2 |
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Midtown East
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|
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| Midtown West |
|
|
| Noho |
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|
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SoHo
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|
3 |
| Sutton Place |
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|
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Tribeca
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3 |
1 |
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Turtle Bay
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1 |
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Upper East Side
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1 |
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Upper West Side
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2 |
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West Village
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2 |
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- New loft listings in new developments
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© Sandy Mattingly 2009
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View more entries tagged with: New Listings, Sales, Closed, Greenwich, Zinc, Worth, West 25, West 60, Adagio
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Apr. 21, 2009 - Manhattan loft inventory as of April 19 = 990
Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, though essentially flat this week:
| price range |
# of lofts |
| $500k to $999k |
151 |
| $1mm to $1.99mm |
365 |
| $2mm to $2.99mm |
234 |
| $3mm to $3.99mm |
96 |
| $4mm to $4.99mm |
66 |
| $5mm to $10mm |
78 |
| TOTAL |
990 |
This is up 1 in a week, while up 310 since my recorded low in mid-August.
See my May 19 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
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Apr. 20, 2009 - new Manhattan loft listings + closed sales in last 7 days
This is the seventy-seventh Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.
The stats as of Sunday night:
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there were 22 Manhattan lofts reported as new to the market in the last 7 days and only 3 as sold
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17 of the 22 new ones are offered below $2mm, while the 3 sales were offered between $2mm and $5mm
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only 1 of the 22 new loft listings is in new development, while 2 of the 3 closed sales were in new development
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By price
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New = 22
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Sold = 3
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$500k to $999k
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7 |
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$1mm to $1.99mm
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10 |
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$2mm to $2.99mm
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3 |
1 |
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$3mm to $3.99mm
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1 |
1 |
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$4mm to $4.99mm
|
1 |
1 |
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$5mm+
|
|
|
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By neighborhood
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New = 22
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Sold = 3
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Battery Park City
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|
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Chelsea
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5 |
|
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Clinton
|
|
|
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East Village
|
1 |
|
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Financial District
|
2 |
|
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Flatiron
|
1 |
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Gramercy
|
1 |
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Greenwich Village
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2 |
1 |
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Kips Bay
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|
1 |
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Little Italy
|
|
|
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Lower East Side
|
|
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| Morningside Heights |
|
|
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Murray Hill
|
|
|
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Midtown East
|
|
|
| Midtown West |
|
|
| Noho |
|
|
|
SoHo
|
2 |
|
| Sutton Place |
|
|
|
Tribeca
|
4 |
1 |
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Turtle Bay
|
1 |
|
|
Upper East Side
|
|
|
|
Upper West Side
|
1 |
|
|
West Village
|
2 |
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- New loft listings in new developments
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-
© Sandy Mattingly 2009
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View more entries tagged with: Greenwich, Summit
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Apr. 14, 2009 - Manhattan loft inventory as of April 12 = 989
Number of Manhattan lofts offered for sale as of Sunday night continues to reflect a bulging inventory, though -- once again -- down ever so slightly:
| price range |
# of lofts |
| $500k to $999k |
149 |
| $1mm to $1.99mm |
362 |
| $2mm to $2.99mm |
230 |
| $3mm to $3.99mm |
101 |
| $4mm to $4.99mm |
66 |
| $5mm to $10mm |
81 |
| TOTAL |
989 |
This is down 11 in a week, while up 309 since my recorded low in mid-August, and the second week in a row with a slightly reduced inventory in my limited data set (since June).
See my May 19 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
|
Comments (1) :: Post A Comment! :: Permanent Link
View more entries tagged with: Inventory
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Apr. 12, 2009 - new Manhattan loft listings + closed sales in last 7 days
This is the seventy-sixth Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.
The stats as of Sunday night:
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there were 16 Manhattan lofts reported as new to the market in the last 7 days and only 5 as sold (continuing a strong trend of weak sales numbers: after previous weeks of 13, 7, 7, 12, 7, 9, 7, 3, 7, 14 and zip)
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14 of the 16 new ones are offered below $3mm, while 3 of the 5 sales were offered between $3.5mm and $4.2mm
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only 1 of the 16 new loft listings are in new development, while 3 of the 5 closed sales were in new development
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By price
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New = 16
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Sold = 5
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$500k to $999k
|
4 |
|
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$1mm to $1.99mm
|
5 |
2 |
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$2mm to $2.99mm
|
5 |
|
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$3mm to $3.99mm
|
|
2 |
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$4mm to $4.99mm
|
1 |
1 |
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$5mm+
|
1 |
|
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By neighborhood
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New = 16
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Sold = 5
|
|
Battery Park City
|
|
|
|
Chelsea
|
|
|
|
Clinton
|
1 |
|
|
East Village
|
|
|
|
Financial District
|
|
|
|
Flatiron
|
|
3 |
|
Gramercy
|
1 |
|
|
Greenwich Village
|
1 |
1 |
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Kips Bay
|
|
|
|
Little Italy
|
|
|
|
Lower East Side
|
1 |
|
| Morningside Heights |
|
|
|
Murray Hill
|
|
|
|
Midtown East
|
|
|
| Midtown West |
|
|
| Noho |
1 |
|
|
SoHo
|
6 |
1 |
| Sutton Place |
|
|
|
Tribeca
|
3 |
|
|
Turtle Bay
|
|
|
|
Upper East Side
|
1 |
|
|
Upper West Side
|
|
|
|
West Village
|
1 |
|
- New loft listings in new developments
-
-
© Sandy Mattingly 2009
|
Comments (1) :: Post A Comment! :: Permanent Link
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Apr. 6, 2009 - Manhattan loft inventory as of April 5 = 1,000
Batting a thousand: Number of Manhattan lofts offered for sale as of Sunday night continues to reflect a bulging inventory, though down ever so slightly:
| price range |
# of lofts |
| $500k to $999k |
151 |
| $1mm to $1.99mm |
367 |
| $2mm to $2.99mm |
234 |
| $3mm to $3.99mm |
102 |
| $4mm to $4.99mm |
66 |
| $5mm to $10mm |
80 |
| TOTAL |
1,000 |
This is down 4 in a week, while up 320 since my recorded low in mid-August, and it breaks a new streak of 5 weeks in a row with record inventory in my limited data set (since June).
See my May 19 post for what I am counting, and why it is difficult.
© Sandy Mattingly 2009
|
Comments (1) :: Post A Comment! :: Permanent Link
View more entries tagged with: Inventory
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on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate
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