Manhattan Condos - New Developments - Conversions - Resales: Manhattan Lofts Market Report First Quarter 2012

Manhattan Lofts Market Report First Quarter 2012

Manhattan Loft Market

Manhattan Lofts Market Report  (Bond Street)


Loft pricing was up from both last quarter and one year ago. Loft median price increased 17% from a year ago and 4% from last quarter to $1.785 million due to median price gains in the 1,000-1,500 and 2,000-2,500 square foot ranges.

Average price per square foot went unchanged from Fourth Quarter 2011 but increased 4% from a year ago to $1,183. In the over 2,500 square foot loft market, median price dropped 21% from a year ago and 31% from last quarter.

Manhattan Lofts Market reportData from First Quarter 2012


Currently there are approximately 400 active loft listings for sale throughout Manhattan. They range from $600,000 for a 1200 square foot walk-up in Harlem to a 10,911 square foot 19 room, 7 bedroom, 5.5 bath Penthouse at The Muitions Building in Tribeca for $28 million.

As always, I will continue to follow closely sales activity and trends in Manhattan Lofts, and would welcome the oportunity to answer any questions about this report, or the market in general.

I’m very happy to talk to people at any stage of the Real Estate process and can discuss the opportunities in each neighborhood, price point and room count. I'm ready to provide you with expertise and seasoned insight.

Looking forward to working with you.


 
   

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Blogging about Manhattan Real Estate since 2006

Mitchell Hall (Licensed as Mitchell J Hall)

Licensed Associate Real Estate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

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Comment balloon 3 commentsMitchell J Hall • April 06 2012 05:27PM

Comments

Michael - Anyone interested in Manhattan lofts is going to find your real estate market report very helpful!

Posted by Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com, Tahoe Real Estate Agent Helping Buyers and Sellers (Coldwell Banker, Tahoe City, CA (530) 414-1260) almost 5 years ago

Very thorough indeed! Overall growth is good and a price drop brings buyers from new markets I would assume. Good things!

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Resercher (Feng Shui Manhattan Long Island) almost 5 years ago

Mitchell

Great report with some interesting shifts. I'll take the TriBeCa loft.

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) almost 5 years ago

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