Apr. 13, 2008 - new Manhattan loft listings, closed sales + inventory in last 7 days

• there were 25 lofts reported as new to the market in the last 7 days and only 11 as sold
• 14 of the 25 new ones are offered under $2mm, while 9 of the 11 closed sales were between $1mm and $3mm
  
• only 3 of the 25 new loft listings are in new development, and 3 of the 11 closed sales were in new development
  
• there are (still) 500 lofts reported as available for sale, leading me to question this metric in our system (more on that later...)
  
  

   

  By price	New = 25	Sold = 11
  $500k to $999k	6	1
  $1mm to $1.99mm	8	4
  $2mm to $2.99mm	2	5
  $3mm to $3.99mm	4	1
  $4mm to $4.99mm	2
  $5mm+	3

  
  
  

   

  By neighborhood	New = 25	Sold = 11
  Battery Park City
  Chelsea	4	1
  Clinton
  East Village	2	2
  Financial District	1	1
  Flatiron	4
  Gramercy	2	1
  Greenwich Village
  Kips Bay	1
  Little Italy
  Lower East Side
  Murray Hill	1
  Midtown West
  SoHo	4	3
  Tribeca	3	2
  Turtle Bay
  Upper East Side
  Upper West Side
  West Village	3	1

  
  New loft listings in new developments

  290 Mulberry Street	2
  311 West Broadway (Soho Mews)	1

  
  Sold lofts in new developments

          

  209 East 2 Street	1
  119 Chambers Street	2

  
  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.