new Manhattan loft listings + closed sales in last 7 days

• there were 26 lofts reported as new to the market in the last 7 days and only 8 as sold
• 15 of the 26 new ones are offered under $2mm, while 5 of the 8 closed sales were under $2mm
  
• only 2 of the 26 new loft listings are in new development, and 2 of the 8 closed sales were in new development
  
• there are (still) 500 lofts reported as available for sale, leading me to wonder why this metric in our system does not work (it has not changed in 4 weeks…)
  
  

  By price	New = 26	Sold = 8
  $500k to $999k	5	2
  $1mm to $1.99mm	10	3
  $2mm to $2.99mm	4	1
  $3mm to $3.99mm	3	1
  $4mm to $4.99mm	1
  $5mm+	3	1

  
  
  

  By neighborhood	New = 26	Sold = 8
  Battery Park City
  Chelsea	3	2
  Clinton		1
  East Village		1
  Financial District	2
  Flatiron	5
  Gramercy	2
  Greenwich Village	2	1
  Kips Bay		1
  Little Italy	1
  Lower East Side
  Murray Hill
  Midtown West
  SoHo	1	1
  Tribeca	7
  Turtle Bay	1
  Upper East Side
  Upper West Side	1
  West Village	1	1

  
  New loft listings in new developments

  45 John Street	1
  67 Murray Street (Griffen Lofts)	1

  
  Sold lofts in new developments

          

  420 West 25 Street (Loft 25)	1
  344 Bowery	1

  
  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.
  

© Sandy Mattingly 2008