Year: 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

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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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another seller who gets it / pricing 7% off 2007

nice try, but enough?There’s a loft newly offered for sale in a Manhattan Loft Guy fave building (value!) that — I think — is taking the right approach to The Market. The 2009 seller was a 2007 buyer, and is

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break away to win the neighborly competition / so many lofts, so many dollars … but no sales (yet)

  but will ANY win? I have been having an off-line dialogue since March with Reader SW about a particular high-end Manhattan loft building with multiple units for sale, which prompts a(nother) rumination about neighborly competition. (I have linked to

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a tale of 2 Sohos, or 2 tales of Soho at $900/ft?

one tale: prime Soho bring-your-architect sells quickly at full ask — PDQ, consideringThe Manhattan loft #5E at 362 West Broadway was marketed as a true project for real loft lovers ("original loft space"; "bring your architect"; "create your dream home")

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10 Bleecker remarkable space holds value remarkably well

as B goes, so goes AYou might look at the successful 9 day marketing campaign (NINE DAYS!) a year ago of the Manhattan loft  #7B at 10 Bleecker Street as a marvel of timing, in the sense of how marvelous

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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

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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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the problem of price discovery (hint: you have to pay attention)

if a tree falls in the forest …I’ve been mulling a long-ish post on price discovery for quite a while (not writing it, obviously; just mulling). Pulling together some interesting riffs by other bloggers and news articles and market activity

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some sellers are not adapting

2009 does not equal 2007 + renovation + $$$, does it?I was refreshed yesterday to find a Manhattan loft offered at 80% of its 2007 price (some sellers are adapting). Let’s swing the emotional dial the other way for today’s

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