Apr. 27, 2008 - new Manhattan loft listings + closed sales in last 7 days
This is my twenty-eighth 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, and the second to include "inventory".
The stats as of Sunday night ...
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there were 26 lofts reported as new to the market in the last 7 days and only 8 as sold
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15 of the 26 new ones are offered under $2mm, while 5 of the 8 closed sales were under $2mm
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only 2 of the 26 new loft listings are in new development, and 2 of the 8 closed sales were in new development
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there are (still) 500 lofts reported as available for sale, leading me to wonder why this metric in our system does not work (it has not changed in 4 weeks...)
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By price
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New = 26
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Sold = 8
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$500k to $999k
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5
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2
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$1mm to $1.99mm
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10
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3
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$2mm to $2.99mm
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4
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1
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$3mm to $3.99mm
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3
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1
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$4mm to $4.99mm
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1
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$5mm+
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3
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1
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By neighborhood
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New = 26
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Sold = 8
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Battery Park City
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Chelsea
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3
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2
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Clinton
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1
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East Village
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1
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Financial District
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2
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Flatiron
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5
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Gramercy
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2
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Greenwich Village
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2
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1
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Kips Bay
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1
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Little Italy
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1
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Lower East Side
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Murray Hill
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Midtown West
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SoHo
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1
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1
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Tribeca
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7
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Turtle Bay
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1
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Upper East Side
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Upper West Side
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1
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West Village
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1
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1
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New loft listings in new developments
45 John Street
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1
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67 Murray Street (Griffen Lofts)
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1
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Sold lofts in new developments
420 West 25 Street (Loft 25)
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1
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344 Bowery
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1
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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.
The new data point(?) is Loft Inventory; see my March 30 review for some commentary about (some of) the weakness of this number.
© Sandy Mattingly 2008
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Comments (3) :: Post A Comment! :: Permanent Link
View more entries tagged with: New Listings, Sales, Closed, Loft 25, West 25, Bowery, John, Murray, Griffen
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Apr. 30, 2008 - RE: new Manhattan loft listings + closed sales in last 7 days |
| Posted by Larry |
Interesting - doing the same inventory search on StreetEasy give you 980 listings. I think your rebny system probably has a hard limit at 500.
Here's the search:
Search Listings for at least $500,000 in All Downtown, All Midtown, All Upper East Side or All Upper West Side described as 'loft', exclude listings already in contract. |
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May. 1, 2008 - RE: new Manhattan loft listings + closed sales in last 7 days |
| Posted by Sandy Mattingly |
*Of course* you are right about 500 being a hard limit for the search function on our inter-firm data base, Larry. I realized this as the only logical explanation pretty much as soon as I hit <submit> on Sunday night. (After *only* 4 tries :-( )
I will re-visit Street Easy as a source for this data point, but an early experience with Street Easy made me leery of the "loft"definitions. Maybe that has changed, maybe it is the best I can do.... |
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Nov. 14, 2009 - RE: new Manhattan loft listings + closed sales in last 7 days |
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