Monday, October 26, 2009
The Venetian Bay Auction was a great success over the weekend. The Auction started with 8 pre-sales, and heavy bidding on the first unit on the block. The opening bid was $176,000 and quickly went up to the winning bid of $231,000 for a 2 bedroom 2 bath condo. Unfortunately for the seller this was the best sell he had for the day. The remainder of the sells favored the buyers. The next unit, a 3 bedroom 2 bath sold for $187,100. By the end of the auction, 6 more units were sold for a total of 16 including the 8 pre-sales, with the best buy of the day being the last unit sold. A 2660 sq ft 4 bedroom 3 1/2 bath condo, the Barcelona. This unit once listed for $553,900, the winning bid was just over half that price at $277,750.
RE/MAX Impact, Lockport, Illinois - Lockport, IL
Bill, I think auctions are going to be more prevalent in this market. There are plenty of buyers out there if the price is right.
Linda Metallo, Re/max Impact, Lockport, Il. ( Chicago)
Oct 26, 2009 12:58 AM
Comments (1)Subscribe to CommentsComment