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


This is my twenty-fifth 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,
and the second to include "inventory".

The stats as of Sunday night …


  • there were 50 lofts reported as new to the market in the last 7 days and 20 as sold
  • 32 of the 50 new ones are offered between $1mm and $3mm, while 15 of the 20 closed sales were under $3mm
  • only 4 of the 50 new loft listings are in new development, and 5 of the 20 closed sales were in new development
  • there are (still) 500 lofts reported as available for sale, despite the  (typical) imbalance between lofts new to market and lofts sold

     
    By price
    New = 50
    Sold = 20
    $500k to $999k
    6
    4
    $1mm to $1.99mm
    18
    6
    $2mm to $2.99mm
    14
    5
    $3mm to $3.99mm
    6
    3
    $4mm to $4.99mm
    2

    $5mm+
    4
    2


     
    By neighborhood
    New = 50
    Sold = 20
    Battery Park City
     
     
    Chelsea
    4
    1
    Clinton

    2
    East Village


    Financial District
    6
    5
    Flatiron
    4

    Gramercy
    3
    2
    Greenwich Village
    8
    2
    Kips Bay
    1

    Little Italy


    Lower East Side
    1

    Murray Hill
    1

    Midtown West

    1
    SoHo
    3
    3
    Tribeca
    7
    2
    Turtle Bay

    1
    Upper East Side

    1
    Upper West Side
    7

    West Village
    5


    New loft listings in new developments
    420 West 25 Street (Loft 25)
    1
    15 East 26 Street (15 Madison Sq No)
    1
    243 West 60 Street (Adagio)
    2

    Sold lofts in new developments

            

    421 West 54 Street (Hit Factory)
    2
    20 West Street (Downtown Club)
    3

     


    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 from last week is Loft Inventory; see that review for some commentary about the weakness of this number.






© Sandy Mattingly 2008


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