4 colors of downtown Manhattan loft momentum, again
same colors, same story (buyer beware)
Not a lot of analysis, or even fresh insight here … just counting. I just updated the Master List of Manhattan Lofts Sold Since November 2008 (Note to Self … get back to doing this weekly, please) with deeds filed through this past weekend for downtown Manhattan lofts that sold between $500,000 and $5,000,000. There were 20 public resales since my last update, which was captured in my April 4, downtown Manhattan loft market momentum in 4 colors. Then, there were 14 lofts in the new set, of which 1 sold above ask, 5 sold at ask, 8 sold without a drop in price, and 5 went to contract in 30 days or less.
My closing comment then (“[n]o relief is in sight for buyers”) is no less apt this time, as of the 20 public loft resales in the new set, 5 sold above ask, 3 sold at ask, 14 sold without a drop in price, and 7 went to contract in 30 days or less. There is, of course, a different color to indicate sales in each of these categories on the Master List, though it will be impossible for you to reconstruct which lofts are the news ones to the list.
If this seems useful to do from time to time (comment, please!) or if I find it interesting, I may continue this sort of no-insight counting. No promises, though I can see some potentially interesting year-over-year monthly or quarterly posts. (Shudder!, another Note to Self ….)
© Sandy Mattingly 2013