secrets of the Master List: 16 Manhattan lofts that HIT The Market
colors on the spreadsheet
One recurring topic of my frequent notes to self is to use the aggregate data about Manhattan loft transactions that I collect in the Master List of Manhattan Lofts Sold Since November 2008 (N.B., lofts downtown that close between $500,000 and $5,000,000). Here’s a nugget: of 54 downtown Manhattan loft resales in that range that closed in July and that have deeds filed so far, 8 sold above the last asking price and another 8 sold at the last asking price.
You will find the first group in green, the second in yellow. Of these 16 loft sales, only one had a price change (229 Grand St #4). In June, of 77 downtown Manhattan loft resales in that range that have deeds filed so far, 6 sold above the last asking price and another 12 sold at the last asking price. This time, there were four price changes among the 18 (find ‘em yourself ;-).
Last time I looked at this at all systematically was on a quarterly basis in my February 19, The Miller found 9.2% of deals above ask; Manhattan Loft Guy, not so much, which found fewer such examples. Leading to the inevitable Note to self: update that quarterly counting for 2011.
© Sandy Mattingly 2011