Tag: Theory

“efficient market” loses out to actual seller and actual buyer of 76 Madison Avenue loft

market extrapolation can be hard, but this loft sale comp is a non-sale of same loft Stop me if you’ve heard this before: an “index” is a proxy for The Market, just as a market report is a summary of

Posted in loft neighborhoods nomad, pricing analysis, psychology of the market Tagged with: , , , , , , , ,

did 30 West 15 Street lofts sell at premium due to combination potential?

numbers are hard thingsIt is not a coincidence that both lofts on the 3rd floor at 30 West 15 Street closed on the same day. Although owned by different people and listed by different firms, the closings of lofts #3S

Posted in loft neighborhoods flatiron Tagged with: , , , , , , , , ,

(Part 2) riffing with Toy + NY Times about higher prices “sprinkled” through Manhattan, including in the loft market

  [having discovered that my draft post was WAY too long for this platform, the end of my Part 1 post follows, with the last paragraph repeated…] … With this building sales history as context, the exemplar July 2011 sale

Posted in market trends Tagged with: , , , , , , , , ,

riffing with Toy + NY Times about higher prices “sprinkled” through Manhattan, including in the loft market (Part 1)

a different approach to outliersI daresay that the Sunday real estate section lead article in yesterday’s New York Times by Vivian Toy, In New York, a Sprinkling of Higher Prices, will get a lot of play on the inter tubes.

Posted in market trends Tagged with: , , , , , , , , ,

22 Mercer Street loft market is VERY efficient (for now)

well, it’s a theoryGenerally speaking, the Manhattan real estate resale market is not terribly efficient, in the economic sense. First, because real time accurate information is not widely held (among other factors: in contract status, actual condition of units); second,

Posted in loft neighborhoods soho Tagged with: , , , , , , , , ,