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.
Data 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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