Manhattan Lofts for sale market conditions

Price indicators for the loft sector were mixed, indicating relative stability. After four record quarters, the number of sales
returned to normalized levels that characterized the market two years ago.

Prices of Manhattan lofts were generally flat over the prior quarter
The average sales price of a loft was $1,395,501 which was virtually unchanged from the $1,400,489 in the prior quarter and the prior year quarter. At $1,250,000, the median sales price was unchanged from the prior quarter but down 3.8% from the $1,300,000 seen in the prior year quarter. The average price per square foot of $670 showed a similar pattern by declining 3.9% over the prior quarter and increasing 6.2% over the prior year quarter. At 2,083 square feet, the average size of a loft apartment was 4.1% below the average size of a loft in 2002. This pattern is consistent with the overall market as smaller apartments have increased market share.

Return to Manhattan lofts >>

Manhattan homes for sale (introduction)
Manhattan condos
Manhattan cooperatives
Manhattan resale homes
Manhattan gated communities
Manhattan townhouses
Building a house in Manhattan
Manhattan new homes
Manhattan luxury homes
Manhattan investment property
New York bungalows
Manhattan duplexes
Manhattan triplexes
Manhattan residential real estate (attached)
Manhattan residential real estate (detached)

Manhattan Real Estate

New York Real Estate

Manhattan Lofts for sale market conditions