new Manhattan loft listings, closed sales + inventory in last 7 days

• there were 34 lofts reported as new to the market in the last 7 days and only 14 as sold
• 19 of the 34 new ones are offered under $3mm, while 7 of the 14 closed sales were between $1mm and $2mm
  
• only 6 of the 34 new loft listings are in new development, and 4 of the 14 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 3 weeks…)
  
  

   

  By price	New = 34	Sold = 14
  $500k to $999k	3	3
  $1mm to $1.99mm	13	7
  $2mm to $2.99mm	6	1
  $3mm to $3.99mm	3	2
  $4mm to $4.99mm	4
  $5mm+	5	1

  
  
  

   

  By neighborhood	New = 34	Sold = 14
  Battery Park City
  Chelsea	5	3
  Clinton	1
  East Village	2	2
  Financial District		1
  Flatiron	6
  Gramercy
  Greenwich Village	4	1
  Kips Bay
  Little Italy	1
  Lower East Side
  Murray Hill	1	2
  Midtown West
  SoHo	4	1
  Tribeca	4	2
  Turtle Bay	2
  Upper East Side	1	1
  Upper West Side
  West Village	3	1

  
  
  New loft listings in new developments

  1 Seventh Av South	2
  127 Madison Avenue (m127)	1
  44 Mercer Street	3

  
  
  Sold lofts in new developments        

  124 West 24 Street	1
  420 West 25 Street (Loft 25)	1
  127 Madison Avenue (m127)	1
  72 Mercer Street	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