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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Jan. 8, 2009
Key numbers for me are Manhattan loft transaction volume (yes, there is a market, still) and days on market (but The Market is much slower). Consistent with the Manhattan coop and condo market as a whole, loft closings were at an increasing discount from
Dec. 5, 2008
Categorized in: Market Trends
While the Fed relies on a report that Manhattan coop and condo prices are off 15% since mid-Summer, I find that yes, "there has been a large increase in the number of [loft] listings." And that yes, Manhattan loft "transaction activity has dropped off not
Aug. 14, 2008
Yesterday I (finally) hit the big firm reports on Manhattan real estate transactions (and other stats) from the Second Quarter of 2008 .... Today it is whatever data is reported through the Big Three Firms ... specifically on the Manhattan loft market.
Aug. 13, 2008
It is (more than?) about time that I commented on the Q2 Manhattan real estate reports, as I have been chewing on them for quite a while (and we are halfway through Q3). The most interesting take-away for me is how well 2008 is doing (so far) compared to
Apr. 15, 2008
I got so caught up in micro-'analysis' yesterday that I did not get around to considering the factors that make it so hard to get accurate numbers about something as 'simple' as counting the number of coops and condos in Manhattan that closed between Jan
Apr. 14, 2008
More on the difference between reported sales volume in different first quarter Manhattan residential real estate market reports, now at the level of a true dispute, complete with trash-talking.
Apr. 11, 2008
The Miller Samuel data show that year-over-year Manhattan loft volume was essentially flat, lofts took a shorter time to sell, while loft inventory was up incrementally. In contrast, the overall market as presented by Miller Samuel shows market transactio
Apr. 11, 2008
3 major reports on the Manhattan residential sales market in the first quarter of 2008 trended similarly on price (up, or way up) but not on volume. Worse, they use such different numbers as to confound any reasonable person.
Feb. 16, 2008
There are open houses at two lovely Manhattan lofts on White Street, separated by both Church Street and 6th Avenue, both offered at the same $3.75mm.
Jan. 7, 2008
The last time I talked at any length about [Manhattan coop and condo] inventory was seven months ago.... That post linked to a Jonathan Miller chart on Curbed that showed inventory as of May 2007 well below the five year average of 5,598 units for sale. S
Jan. 3, 2008
The big story for me in the last round of quarterly market reports for Manhattan coop and condo sales was that demand remained at historical highs for each quarter of 2007 (by then). The new numbers for the 4th Quarter of 2007 show that demand slowed from
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