bio: peter comitini »

market knowledge
Manhattan market report »
townhouse report »

follow peter comitini

peter's newsletter
sign-up here »

the topics
blogs & sites
for sale or rent
green city
market reports
property geek
questions & answers
tips for buyers
tips for sellers
newsreal bookmarks
peter's photos

real estate services
home page
selling your property
buying a home
browse listings
recent press
contact peter

design & ideas
green design
nyc resources
real estate
real estate: overseas

the archives
April 2014
November 2013
April 2013
February 2013
January 2013
June 2012
April 2012
March 2012
February 2012
January 2012
December 2011
July 2011
February 2011
January 2011
December 2010
October 2010
July 2010
June 2010
May 2010
February 2010
January 2010
December 2009
October 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
all archives

« previous: Follow the bouncing globe   |  next: the uptown download: east »

Tuesday, March 6, 2007

the downtown download

Loft 66 Crosby Street 514 Broadway One Fifth Avenue meatpacking district

market reportthe downtown report (324 kb .pdf) Excerpted from the 2006 year end corcoran report, it shows a landscape of modestly increased value in homes of +5% on average. Individual results are somewhat mixed, depending on the size and type of property. New condo developments, a generally pricier product, help to boost the averages as high as +18% in that category.

report_image.gifThe NYC loft market is highly concentrated downtown in areas such as Tribeca, Soho, Chelsea and the Village actually saw an average price decline of -14%. Yet the news is not quite as bad as it might appear at first glance, as this includes more transactions of smaller properties, at higher prices. A fact which is also reflected in a overall median price decline of -17%. Median price is the amount that most people pay for an apartment in any given category. When you look at the loft numbers for each size of home, they appear anywhere from flat to an increase of up to 14%. None entered negative territory. You can see all the numbers, in every category, by downloading the complete report, and of course you can leave a comment or contact me to answer any questions you may have.

download the downtown report
other recent reports:
the uptown west report (338 kb .pdf)
the uptown east report (338 kb .pdf)
the brooklyn report (532 kb .pdf)
the corcoran report: forth quarter 2006 (1.1 mb .pdf)
the corcoran report: third quarter 2006 (3.9 mb .pdf)

post a comment:

to help fight spam, your comment may need to be approved by the moderator before it appears

we don't collect or share email addresses

email this to a friend:

recipient's email address:

your email address (required):

we don't collect or share email addresses

your personal message (optional):

a link to this page will be included with your message.