comparing 1Q Manhattan loft data + overall market / another nugget report
The Manhattan real estate quarterly market reports from the three major firms that report data treat the loft niche market differently. The Miller Samuel report remains the gold standard for Manhattan loft info, while the Terra Holdings reports offer a cursory view (consistent with their overall reporting IMO) and the Corcoran report is frustratingly middling (on loft data). I will save more of that discussion for a possible future rant.
some numbers
Loft data with year-over-year comparisons (links below)
| median sales price | avg price per foot | transactions | days on market | inventory | |
| Miller Samuel | $2.065mm [up 29%] | $1,325 [up 6.3%] | 89 [down 51%] | 158 [down 1.3%] | 834 [up 9.5%] |
| Terra Holdings | $1,171 [up 1%] | ||||
| Corcoran | $1.4mm [down 3%] | $1,189 [up 1%] |
Comparing the Manhattan loft niche to the overall Manhattan market, according to Corcoran the loft niche slightly under-performed on median sales price (the overall market was down 2% YoY) but over-performed on average price per foot (the overall market was down 6% YoY).
links! we got links!
You can access PDFs of the various reports by clicking the Miller Samuel report, the Corcoran report and the Terra Holdings report (here’s the Halstead version).
prior quarterly report commentary
on this quarter’s reports, April 3 monthly sales trends for Manhattan coops + condos, per Corcoran and April 2 the numbers are coming! the numbers are coming! 1Q market report season begins
on the 4Q08 reports, January 23 comparing nuggets / 4Q Manhattan loft data + overall market, and I hit the nuggets of each firm’s reports on January 7 (Halstead), January 8 (Miller Samuel), and January 10 (Corcoran)
© Sandy Mattingly 2009
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