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Manhattan Loft Guy

New York, New York

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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Manhattan Loft Guy

was the Manhattan coop loft market dead in 1Q09? Miller nugget provokes arithmetic angst

Apr. 6, 2009
Categorized in: Market Data - reports
By The Miller's count, only one of every four lofts sold in Manhattan in the quarter was a resale. Put another way, there was essentially no market for Manhattan lofts in coops to start 2009 (some of those resales were condos, of course, while none of the

disconnect / sellers struggle to find The Market

Feb. 13, 2009
Categorized in: Market Trends
Interesting graph on yesterday's Curbed contribution from The Miller, Three Cents Worth: Listing Discount A Spiked Punch . Bottom Line is that what The Miller calls Listing Discount (the gaps between the last listing price and the contract price) was 7.3%

creeping Manhattan inventory a feint or more creepy?

Mar. 25, 2008
Categorized in: Market Trends
Over at Matrix, Jonathan Miller links to a chart he did for Crain’s New York Business showing that the number of coops and condos available for sale in Manhattan has gone up 15% from the end of December to the end of February, though still at relative h

seasonality of Manhattan inventory, not so much

Mar. 18, 2008
Categorized in: Market Data - reports
Does Manhattan coop and condo inventory follow calendar patterns? Not so much....

it's the demand, stupid / Manhattan Q3 market numbers

Oct. 3, 2007
Categorized in: Market Data - reports
through September 30 there have been 10,912 sales of apartments in Manhattan, which is nearly 15% more sales than in the highest full year to date

Lake Wobegon lofts sell for more than $1,246/ft - more thoughts on Q2 data

Jul. 11, 2007
Categorized in: Market Data - reports
crunch, crunch Miller, crunch, crunch Samuel I have finally gotten to spend a little time staring at the fourth page of the Miller Samuel Second Quarter Manhattan Market Overview, the page with th... [Read More]

sorry, wrong number (but still ironic) / Miller corrects the record

Dec. 8, 2006
Categorized in: Market Data - aggregators
year-over-year number different than quarterly decline Jonathan Miller points out on his Matrix that the NY Post article I quoted yesterday (Manhattan Bumps Real-Estate Slump) used the wrong media... [Read More]

what’s with the witchcraft, and why does everyone want it? (market predictions)

Oct. 31, 2006
Categorized in: pricing analysis
Tagged with: jonathan miller
Nice post on Jonathan Miller’s other blog, Soapbox (on appraisals) about the temptation to predict the future: we all have it, you all want it. I try to tell people all the time that the... [Read More]

Manhattan as “fundamentally” different / supply, demand and superstars

Oct. 30, 2006
Categorized in: Market Trends
I post lasted week about “economic rent” and how “the fundamentals” must be different in Manhattan compared to most places in America, my theory being that coop and condo pr... [Read More]

loft market trended with overall market in Q3 06 / Miller Samuel finally stands up

Oct. 24, 2006
Categorized in: Market Data - reports
Appraiser Jonathan Miller cops to being the reason his Q3 Manhattan Market Overview has been so long delayed in release, but at least it is now out. The short story for Manhattan lofts is that (1) the... [Read More]

and the answer is … timing the market “doesn’t work in real estate”

Sep. 8, 2006
Categorized in: bubble talk
WSJ’s Stewart gets smug Jonathan Miller started a thread on Matrix about market timing, in response to James Stewart in the Wall Street Journal expression of relief about not having to liste... [Read More]