Venetian Bay Auction Part 5, Great Success

Real Estate Agent with Coral Shores Realty

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.
Post Auction sales over the weekend added 4 more sales as the builder is honoring the last bid price on each group of units. You can still buy a 2 bedroom condo for $162,800; a 3 bedroom for $242,000; and a 4 bedroom for $277,750. The 2 bedroom 2 1/2 bath townhomes are now selling for $151,250.
As of right now, in the condos, there are 2 of the 2 bedroom units left, the nicest being #424. #434 is the other 2 bedroom unit.
There are 12 of the 3 bedroom units left, the best one is unit #433.
There are 2 of the 4 bedrooms left, #225 and #325, both with clock tower views.
There are 6 of the townhomes left, 4 on Casello, 3607, 3609, 3610, & 3618. And 2 on Airport, 342 & 330.
These are great prices, now is the time to buy, contact me today so you don't miss this great opportunity.
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Comments (1)

Linda Metallo DiBenardo
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