2bd/2ba sold between 395K and 435K. 3bd/2ba sold between 485K – 500K. There were around 500 people bidding for the 20 condos.
IMO still too much for these places. I’m surprised that people would pay this much. Maybe some are flippers. Should be fun to watch. Maybe by the end of the year we can pick it up for 300k from the bank.
I’ve only been to about 4 auctions in my life and they’ve all been a frenzied mess where people overpay. One auction someone bought something over what the comp was.
REDC made a 5% commission on each unit. They’re the ones making the money. They auctioned La Boheme in North Park and Lucera in UTC. These guys are the ones cleaning house. Wonder what their next target condo sale will be. Anyone think of any distress places not selling?
